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16 Knowles Point Road
Bridgton, ME 04009
Chad Latham with Locations Real Estate Group LLC, original listing - (207) 805-1811
$1,575,000
Conventional
Property
Bedroom
4
Bathroom
Full: 3, ½: 1
Property Type
Conventional
Square ft
3311 Square Feet
Property Description
Once in a great while, a one-of-a-kind property excites and welcomes, as does this custom-designed, one-owner home located in Highland Point with 195' of shoreline on the clean waters of picturesque Highland Lake. When you enter the house on the main level, its multiple glass windows instantly captivate you, flooding the space with natural light. The view from the four main living spaces and decks is a treehouse view with Highland Lake in the background. Entrance hall with a half bath and double closet; Living room with a vaulted ceiling and a Scandinavian woodburning stove; Open concept dining room and kitchen with glass doors out to the primary mahogany deck; three-season sunroom with vaulted ceiling; primary bedroom suite with walk-in closet and private deck; two additional bedrooms; additional full bath; laundry room and pantry; direct entry two car garage. Beautiful pine and cedar doors, baseboards, trims, and many custom accents underscore meticulous attention to detail, achieving the perfect balance of a warm, woodsy atmosphere and modern sophistication. The lower level has a wall of glass windows and direct entry out to a flagstone patio and a huge, private outdoor shower. The path down to the lake is just a few steps away. There is a vast open entertainment/media space complete with a beautiful Brunswick pool table, a large bedroom suite, a storage room, and a workshop. The short trail from the house through the forest floor and out to the waterfront dock is magical. A short walk or two-minute drive will take you to the Association Common Area, which has a large, covered picnic house, outdoor grill, swim docks, boat docks, kayak/canoe racks, and a boat ramp. Twelve minutes to the Bridgton Highlands Country Club, 16 minutes to Downtown Bridgton, and 20 minutes to Pleasant Mountain Ski Area. Please call and make an appointment to visit this one-of-a-kind property. A comprehensive property website is available. Contact any Maine real estate agent.
Property Information
Lot Size
1 acre(s) square ft
Property Type
Residential-Single Family Residence
Year Built
2008
MLS Number
--
Location
Address
16 Knowles Point Road
City
Bridgton
State
ME
Zip Code
04009
County
CUMBERLAND
Listing
Provider
Locations Real Estate Group LLC, original listing
Name
Phone
(207) 805-1811
Office Name
Office Phone
(207) 805-1811
Agent Name
Chad Latham
Agency Phone
(207) 805-1811

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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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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.