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108 Heath Road
Bremen, ME 04551
Peter Christine with Drum & Drum Real Estate Inc., original listing - (207) 563-1772
$1,275,000
Conventional
Property
Bedroom
5
Bathroom
Full: 2
Property Type
Conventional
Square ft
2214 Square Feet
Property Description
Each town in the midcoast seems to have its own special areas and addresses. The Heath Road is one of Bremen's great locations. With Broad Cove dominating the neighborhood, the oceanfront's allure is ever-present and this offering with its open fields and many superb views is one of Heath Roads gems. The former home of M*A*S*H author, Richard Hornberger, Jr. (pen name, Richard Hooker), this 1840's cape, while modernized, has kept the relaxed air of a shared coffee round the kitchen table. The layout allows one to take advantage of first floor living while the second floor is for additional family, guests, or a secluded office space. Enter through the spacious mudroom with its rustic features and room for all your outside apparel and accesories. The casual eat-in kitchen is next with its handy pantry adjacent. Next to that is the first floor laundry (no basement trips) and the direct access to the back deck for summer entertaining...and the views! An informal living room with a wood burning fireplace connects seamlessly with the 4-season sunroom with wrap-around windows to fully bring in the sights of Broad Cove. A primary bedroom on this floor with another fireplace and full bath close by makes day to day living easier. For more special occasions, the dining room with its fireplace and antique parlor stove, connecting to the kitchen completes the sensible circular flow of the down stairs. It is somewhat rare to have four bedrooms plus a full bath on the second floor of a cape, but then again, this is a rare offering. The stairwell up displays the handsome front hall and period newell post and bannister. The exterior photos speak for themselves, but don't miss the orchard of 6 apple trees, 2 pear trees, and a cherry tree. The property's vintage post and beam barn (37'x50') rounds out the era specific feel of the entirety while providing much in the way of storage for equipment, boats, workshops, whatever your needs may be.
Property Information
Lot Size
8 acre(s) square ft
Property Type
Residential-Single Family Residence
Year Built
1830
MLS Number
--
Location
Address
108 Heath Road
City
Bremen
State
ME
Zip Code
04551
County
LINCOLN
Listing
Name
Phone
(207) 592-2951
Office Name
Office Phone
(207) 563-1772
Agent Name
Peter Christine
Agency Phone
(207) 563-1772

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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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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.