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55 Brown Road
Oakfield, ME 04763
James Shaw with Northern Maine Realty, Inc., original listing - (207) 425-7777
$425,000
Conventional
Property
Bedroom
2
Bathroom
Full: 3
Property Type
Conventional
Square ft
1617 Square Feet
Property Description
Just imagine having your own 'Private Paradise' on 12 private acres that began as a 'sheep farm'. This uniquely styled post & beam chalet cabin has 3 levels of living all with gorgeous views of the surrounding countryside. The upper level has a spacious primary bedroom suite complete with a full bath and jetted tub. The middle level has the open kitchen and living room with a wood stove, bedroom, full bath, vaulted ceiling, large windows and opens to an expansive 6-foot deck surrounding over half of the cabin. Lower level has a large living area also with views, laundry room, craft room, furnace room, full bath and outside access. Cabin is heated with a fairly new OHW furnace and has a generator backup system in place. A large building on the property offers 2812 sq ft of storage which was used for the sheep farming operation. This building has a cement floor and would make great storage for Snow sleds, ATV's, farm equipment or farm animals. Various apple trees are in the past pasture area which attracts the local wildlife. Another 12 x 28 foot out-building, closer to the cabin, could be used for smaller farm animals. This property is nestled between 2 pristine cold-water recreational lakes, Timoney and Spaulding. Just 15 minutes from Houlton via Interstate 95. A once in a lifetime opportunity to self-exist in this private ''cabin homestead'' in beautiful Northern Maine. ''The way Life was meant to be''. This property is being sold ''AS IS'' Just add your finishing touches.
Property Information
Lot Size
12 acre(s) square ft
Property Type
Residential-Single Family Residence
Year Built
1988
MLS Number
--
Location
Address
55 Brown Road
City
Oakfield
State
ME
Zip Code
04763
County
AROOSTOOK
Listing
Name
Phone
(207) 227-5024
Office Name
Office Phone
(207) 425-7777
Agent Name
James Shaw
Agency Phone
(207) 425-7777

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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.