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1591 Us Highway 1
Hancock, ME 04640
$345,000
Conventional
Property
Bedroom
3
Bathroom
1
Property Type
Conventional
Square ft
1700
Property Description
Rare opportunity to own a classic New England Farmhouse with 20+ acres of beautiful woodland that adjoins 80+ acres of conservation land with dedicated trails. Just step out your door for a peaceful walk in an enchanting forestland. Join the Ice Pond trail at several boundary points. Enjoy the year-round 3 bedroom/1 bath house or build your dream home, deep in the woods, in a quiet grove under a canopy of white birch, spruce, fir, or alder. The Farmhouse has many original features that include hand-hewn beams, wide-plank pine floors and other period accents. There have been recent updates plus previous replacement windows and roof repairs. The Kitchen and Dining area opens into a spacious Living Room with a pellet stove for an additional heat source. There is a Bedroom on the first floor plus two more upstairs. The Primary Bedroom is roomy with its own wood stove. There is a multi-use alcove, as part of this bedroom, that could be a great office or double walk-in closet. Besides the other 2nd floor bedroom there is a large unfinished apartment floor plan with a bedroom, living room, and bathroom space. At one time there were stairs from the entry mudroom that led up to this privately contained living space. It needs renovation and completion of the plumbing hook-ups. There is a terrific full house attic space with high ceilings that could be finished off for a creative use. The landscaped yard offers many varieties of fruit trees with an enclosed, quite large, vegetable garden area to the side of the house. The house is move-in ready with partial furnishings. Another bonus opportunity, with this location, is the multi-use zoning that allows for a commercial venture on this highly desirable RT 1 corridor. Join the other existing business ventures in Hancock including two fine-dining restaurants, cabinet shops, a landscaping/garden center, assisted living facilities and a B&B. Close to both the Schoodic side of Acadia National Park or a short drive to Bar Harbor.
Property Information
Lot Size
940,896 sqft square ft
Property Type
Residential
Year Built
--
MLS Number
--
Location
Address
1591 US Highway 1
City
Hancock
State
ME
Zip Code
04640
County
HANCOCK
Listing
Provider
Better Homes and Gardens Real Estate The Masiello, original listing
Name
Phone
(207) 667-7423
Office Name
Office Phone
(207) 667-7423
Agent Name
Janet Bosworth

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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.

Free Foreclosure Listings

USHUD.com is a website that simplifies the process of finding foreclosures and HUD properties. Everyone thinks they are a real estate web surfing pro until they search for foreclosure homes and stumble upon a numerous sites that want to charge a fee to see their listings. With USHUD.com that’s not the case. When searching for HUD properties or a home finding website for foreclosure it is important to know what you are looking for. It is important to use a niche company that specializes in foreclosures like USHUD.com. We have put together 2 tools that have made the real estate search process of our website much easier to navigate. The Homesearch online tool is filled with foreclosure lists and free listings of hud homes for sale. Most of our users start with a broad search with the homesearch online tool to see the most HUD properties and foreclosure lists in your area and narrow their search down with the Homefinder online tool. The homefinder online tool is a custom filter system that we breakdown the area based upon filters such as convention and foreclosure listings. This give you the option to filter out conventional listings and focus on just the foreclosures in the market. We thank you for making us Americas top home finding website for foreclosure and Hud properties. Free listings of hud homes for sale are hard to come by but should always be free and that’s the way things are going to stay on our website.

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.