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14 Poggy Bay Lane
Stonington, CT 06355
$2,395,000
Conventional
Property
Bedroom
5
Bathroom
5
Property Type
Conventional
Square ft
4570
Property Description
Located on Masons Island , Connecticut's largest island ,which is accessible by a short causeway, but it's gentle lifestyle is a world apart from the stresses of life, offering peace, privacy and prestige. Located at the end of a short road at the top of Little Poggy Bay, offering panoramic water views down the Bay and out to the mouth of the Mystic River and the Sound beyond. Custom built and beautifully maintained this house is spacious, light and bright with water views from just about every room and features an open floor plan that is so coveted these days. The main level rooms , family room, dining, sunroom and kitchen open to each other creating a lovely sun filled space. The separate living room has a fireplace and opens to an enclosed porch overlooking the water to the south. A wraparound deck allows for seamless indoor, outdoor entertaining. The second level has two primary bedrooms and two additional bedrooms and bath. A separate guest suite or in law apartment has a bedroom, full bath and a sitting room There is a three car attached garage and terrific workshop that is heated and air conditioned Masons Island has private roads with security, and acres of nature preserve with a large salt marsh, woods, and walking trails . The opportunity to apply for membership in The Masons Island Yacht is available by invitation. This is a joyful place to live!
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
1990
MLS Number
24010039
Location
Address
14 Poggy Bay Lane
City
Stonington
State
CT
Zip Code
06355
County
NEW LONDON
Listing
Provider
Randall Realtors, original listing
Name
Randall Realtors
Phone
(860) 887-1122
Office Name
Compass Connecticut, LLC
Office Phone
(860) 572-9099
Agent Name
Melinda Carlisle

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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.