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1824 Mountain Road
Montgomery, VT 05471
$645,000
Conventional
Property
Bedroom
3
Bathroom
2
Property Type
Conventional
Square ft
3470
Property Description
Escape to lovely Montgomery, Vermont in this custom-designed multi-level home located just 6 miles from Jay Peak Resort. Built in 2020, this home provides more than 2,500 square feet of finished living space. A cohesive design is created throughout using a consistent laminate flooring & a single-tone paint color. Everyone will enjoy gathering for meals & relaxation in the combined living room and kitchen with its raised ceiling and access to the deck. The kitchen features solid wood cabinets, a 5-burner gas cooktop, a double wall oven, & a large center island with seating. The primary suite has a walk-in closet & direct access to the full bath on this level. When it’s time to play, head down a level for a game of pool or darts. There’s also a bar area & ¾ bath conveniently located on this floor. The lower level includes a cozy bedroom, large den, laundry room & additional sleeping or office space. Above the 1-car attached garage is another finished space for guests or convert it into an office or studio. Being sold furnished, from comfy couches to the fire pit table on the deck. Set on 5 mostly open acres, you’ll have room for gardens, games & more while enjoying views of the surrounding mountains. From here, it’s 1/2 mile to the Belfry, about 2 miles to Montgomery Center, where you’ll find Sylvester’s Market, Bernie’s Restaurant, Vermont Salt Cave Spa & Riverwalk Park on the Trout River for swimming & paddling. Enjoy Mountain & Road Biking as well as hiking Opportunities.
Property Information
Lot Size
5 acre(s) square ft
Property Type
Residential
Year Built
2020
MLS Number
4990921
Location
Address
1824 Mountain Road
City
Montgomery
State
VT
Zip Code
05471
County
FRANKLIN
Listing
Provider
Century 21 Farm & Forest Realty Inc, original listing
Name
Century 21 Farm & Forest Realty Inc
Phone
(802) 334-1200
Office Name
Century 21 Farm & Forest
Office Phone
(802) 334-1200
Agent Name
Nicholas Maclure

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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.