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185 S Road
Holden, ME 04429
$600,000
Conventional
Property
Bedroom
4
Bathroom
3
Property Type
Conventional
Square ft
2797
Property Description
Situated high on the hills in desirable and convenient Holden, this custom-built ranch is a rare find. Stunning distant views to the east and views of the property's fields and wooded border to the south and west make this a rural oasis. The home's attached two-car garage leads to an entry den that opens to a large galley kitchen with cherry cabinets, Corian counters, center island, and two pantry closets. The kitchen flows to the sun-filled breakfast niche with easterly window views to start each day, and an adjacent office niche with heat pump. A decorative brick chimney is at the center of the home and is a focal feature of the great room with vaulted ceilings and skylights. This very spacious great room offers a wood stove insert, built-in bookshelves, and art display areas. Wood floors flow throughout the home from the entry den to the kitchen and living room and to all bedrooms, with Mexican tile floors gracing the great room's dining area. The home's front door in the living room leads to a covered porch, and the patio doors in the dining room lead to a large back deck and fenced yard. The home's split floor plan features the Master Bedroom Suite off the entry den with walk-in-closet and private bath with tub/shower and double vanity. At the opposite end of the home is the second bedroom suite located off the living room with a walk-in-closet and private bath with shower. Down a hallway are two more spacious bedrooms (one with vaulted ceilings) and a shared third full bathroom with tub/shower and double vanity. The home also features a full unfinished basement with sauna, pool table niche, storage shelves, a Modine heater, and a manual garage door which allows storage and access for tractor/lawnmower. The property has been organically maintained for over a decade and organic certification is a possibility. With 12 acres, it boasts wildlife and habitat corridors, supporting a variety of birds, butterflies, deer and 3 bluebird houses on property.
Property Information
Lot Size
522,720 sqft square ft
Property Type
Residential
Year Built
--
MLS Number
1584867
Location
Address
185 S Road
City
Holden
State
ME
Zip Code
04429
County
PENOBSCOT
Listing
Provider
Better Homes and Gardens Real Estate The Masiello, original listing
Name
Better Homes and Gardens Real Estate The Masiello
Phone
(207) 942-6711
Office Name
Better Homes and Gardens Real Estate The Masi
Office Phone
(207) 942-6711
Agent Name
Venise Bard

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HUD Foreclosures

HUD foreclosures and VA Foreclosures are some of the best homes to buy when price is part of the equation. As with most Americans, price is always a concern. If not buying the same house for less, why not buy more house for the same dollar invested? When looking for a good deal it is hard to do better than the VA or HUD foreclosures market. The simple truth is that there are just more VA and HUD homes on the market, as they represent such a large number of mortgages that are generated each year. This translates into more foreclosures just by the magnitude of difference between all others comparing to the two largest. The two largest also being government owned and operated means that they have less time to wait to make money back on the home. The FHA is especially known for selling HUD homes for less than the average sales price in a given area. FHA foreclosures represent a fraction of HUD but they are still a significant number of homes and both should be considered. VA (Veterans Administration) and HUD (Housing and Urban Development) have different and unique opportunities for the buyer. Both are often forgiven for the local taxes normally associated with the purchase of a home (this is on a county by county basis). Be sure to ask the local title company or escrow company to look into it for you before closing as this is often missed due to their are not used to dealing with the 2 to 3 percent of the market that VA and HUD foreclosures represent.

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Foreclosure Listings Increasing

As the market settled after the mortgage meltdown foreclosure listings also settled and fewer homes were on the market with a placard reading “Bank Foreclosure” in big red lettering. This was a good thing for the entire real estate market. Having an abundance of foreclosures brings the entire market down and it makes it harder for home owners, who would like to move, to get the appropriate price for their home as a similar home down the same street was sold for substantially less and the appraiser is using the foreclosure as a comparable sale. This is just one of the problems when there are too many foreclosure listings in any area. Another issue is the television set that sits in everyone’s living room harping about the price of homes based on the number of foreclosures and this constant barrage of negative information makes most people sit on the sidelines waiting for the market to either implode completely or to correct itself. Meanwhile while they wait, others are buying foreclosure listings and making great investments. Whatever the reason, a market can only handle so many foreclosure listings at any given time. The more foreclosures, the lower the market gets and this is a lesson the banks that were foreclosing and selling off realized too late. The market and their investments would have been better off if there had not been a rush to divest themselves of the toxic assets made more toxic by their own actions.