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24 Forrest Hill
Lisbon, NH 03585
$352,000
Conventional
Property
Bedroom
5
Bathroom
2
Property Type
Conventional
Square ft
2349
Property Description
Perched on a knoll at the end of a dead-end, town maintained street near schools, parks, trails and Main Street for dining and shopping sits this turn of the century gambrel home that has been lovingly cared for while keeping the charm of this 1900's home. Property could be single-level living with a new laundry room, full bath, kitchen and butler's kitchen, dining room, living room with pellet stove and a bonus room which could be turned into a bedroom if you needed. Up the gorgeous staircase, you will find a 3/4 bath with tile shower and bluetooth capabilities and 5 established bedrooms. One of the bedrooms is located between 2 other bedrooms but can be accessed from the hallway, or could be turned into a fantastic primary suite or a nursery if desired. The tall ceilings, wide hallways and natural light that pours in every room, not to mention the updates completed: carport, exterior painted, chimney liner & cap, generator transfer switch and renovated bathroom on the first floor - this home has everything! Move in and start enjoying the property immediately. Attic is unfinished but has many possibilities and the basement features a workshop area. Spacious covered porch is a great place to start or end your day and the level yard is perfect for gardens or to play. Although in town, this 1+ acre parcel feels private, especially when the leaves fill in. Modern conveniences with the charm of centuries ago, this is a property you won't want to miss!
Property Information
Lot Size
1 acre(s) square ft
Property Type
Residential
Year Built
1900
MLS Number
4989305
Location
Address
24 Forrest Hill
City
Lisbon
State
NH
Zip Code
03585
County
GRAFTON
Listing
Provider
Badger Peabody & Smith Realty, original listing
Name
Badger Peabody & Smith Realty
Phone
(603) 444-1294
Office Name
Badger Peabody & Smith Realty/Littleton
Office Phone
(603) 444-1294
Agent Name
Nikki Barrett

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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.