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137 Skyline Ridge Road
Bridgewater, CT 06752
$1,780,000
Conventional
Property
Bedroom
3
Bathroom
4
Property Type
Conventional
Square ft
2873
Property Description
An estate where artists have retreated to create for nearly a century. It is easy to understand why a creative mind would be drawn to this remarkable ten-acre property; the undulating landscape invites you to amble, allowing the mind to roam. The gated drive greets you with the choice of two paths; one will bring you to the front of the home, where you will overlook the sun-soaked landscape, and the other will wind you down a shaded woodland path to a lovely detached three-car garage. Each of the home’s secondary buildings are sited upon country driveways — gently worn by the passing of many guests. Upon entering the home, you are greeted by a large formal living room that flows directly into the dining space. The first floor welcomes you to re-envision the floor plan to suit your taste and lifestyle. Multi-functional spaces include the sunken workspace, large den, and extended sunroom. The upper floors house three bedrooms and three bathrooms, each with its own unique view of the property. You look out over the pool and expansive lawn from the primary bedroom balcony. Within the secondary bedroom, you can take in the view of the property's wooded border. Leaving the front of the home to be seen from the au pair suite accessed by a discreet staircase off the kitchen. Sited upon Bridgewater’s most sought-after road, there is a reason this property has only had three stewards; it is a place one wants to stay — a place that doesn’t lose its fantastical quality.
Property Information
Lot Size
10 acre(s) square ft
Property Type
Residential
Year Built
1940
MLS Number
170607533
Location
Address
137 Skyline Ridge Road
City
Bridgewater
State
CT
Zip Code
06752
County
LITCHFIELD
Listing
Provider
William Pitt Sotheby's Int'l, original listing
Name
William Pitt Sotheby's Int'l
Phone
(860) 868-6920
Office Name
William Pitt Sotheby's Int'l
Office Phone
(860) 868-6600
Agent Name
Michael Caporizzo

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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.