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651 North Shore Road
North Haven, ME 04853
$4,995,000
Conventional
Property
Bedroom
4
Bathroom
2
Property Type
Conventional
Square ft
2050
Property Description
97 acres on North Haven that define unique and diverse. An 1828 salt-water farmhouse that current and previous owners have preserved & maintained, sustaining the integrity of the structure while ensuring comfort and convenience. An arboretum with hundreds of varieties of trees & shrubs that represent ancient and modern vegetation noted for visual beauty, fruits, and bloom times. Cleared fields that melt into shaded glades and old hardwood forest. Gently sloping topography. The shorefront has several stunning house sites, an alluring pebble-and-sand swimming beach (400-feet to water at low tide) in a protected cove with many potential anchorages, and a shared, nature-designed, fresh-water ''infinity pond'' at the ocean's very edge (a veritable ''lap pool'', 1/10th mile long!). From the shoreland, dozens of Penobscot Bay islands beckon, with the Camden Hills shaping a spectacular backdrop — a dramatic setting for additional structures or houses that might be separate but not distant. It's unlikely that there is a property anywhere in the world that offers the blend of the natural & the nurtured in this magic place. There is something for everyone: a perfect site for a family compound. Complementing the 1828 sea-captains' home, there is an enormous, modern two-storey barn ideal for indoor rainy day activities & exploration; a two-car garage and tool house; a long six-bay structure for boats, vehicles, hay, or other storage; 3 ponds that invite swimming, canoeing, diving, rafting; massive cleared fields that lure wildlife; several miles of groomed foot-or vehicle-trails; a wisteria arbor for quiet contemplation; a family cemetery, carefully preserved & notated, dating to 1817; a huge pasture for livestock or horses; deer-proof vegetable gardens; a grape arbor; an enclosed orchard with peach, apricot, & cherry trees, as well as a 19th-century pear & apple orchard adjacent to the house. While perfectly tended, the overall impression is natural beauty.
Property Information
Lot Size
97 acre(s) square ft
Property Type
Residential
Year Built
1828
MLS Number
1589677
Location
Address
651 North Shore Road
City
North Haven
State
ME
Zip Code
04853
County
KNOX
Listing
Provider
Legacy Properties Sotheby's International Realty, original listing
Name
Legacy Properties Sotheby's International Realty
Phone
(207) 780-8900
Office Name
Legacy Properties Sotheby's International Rea
Office Phone
(207) 780-8900
Agent Name
Heather Shields

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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.