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176 S South Shore Road
Linneus, ME 04730
$699,900
Conventional
Property
Bedroom
4
Bathroom
2
Property Type
Conventional
Square ft
2204
Property Description
Welcome to lake front living. This quaint 4 bedroom 2 full bath home including finished walk out basement and 4 car heated garage with overhead woodshop is one of a kind. Dine in kitchen, living room over looking Drews Lake, screen porch and front deck are only part of the first floor of this custom build. 2 bedrooms and two full baths with laundry finish out the first floor. The wood metal spiral staircase invites you to the 2 upstairs bedrooms with one over looking the cove and one the expansive back yard. Private well and septic keep costs to a minimum and locally owned electric distribution make running the 2 split HVAC units painless as can be. Roofing replaced on the home in 2021 on the west side and 2023 in the east side and hardy board siding make this a virtually maintenance free home. Owners added a camper site with electric for the company to stay without intruding in your day to day and the 4 place garage includes a car lift and 2 separate attached lean-to's for cold storage. Oh did I mention the garage is heated and plumbed with airlines throughout. A generac whole home generator with automatic transfer switch is at the ready including 2 propane tanks to run through any power outages that may arise. The sale includes a 3 section aluminum dock system, small sailboat, canoe and kayak to help you enjoy lake life even more. ATV and snowmobile trails offer endless outdoor adventures and 4 season entertainment at the lake with boating, fishing (open water and ice), water skiing, swimming, skating, snowshoeing and just relaxing on the shore or dangling your toes is what this home is all about. Come hear the call of the loons and take in the majestic views from this once in a life time opportunity. Call, text or email to schedule the first visit to your forever home.
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
1996
MLS Number
1592702
Location
Address
176 S South Shore Road
City
Linneus
State
ME
Zip Code
04730
County
AROOSTOOK
Listing
Provider
Keller Williams - Greater Portland, original listing
Name
Keller Williams - Greater Portland
Phone
(207) 879-9800
Office Name
Keller Williams - Greater Portland
Office Phone
(207) 879-9800
Agent Name
Wade Hanson

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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.