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95 Pumpkin Cove Road
South Bristol, ME 04554
$2,500,000
Conventional
Property
Bedroom
3
Bathroom
Full: 2, ½: 1
Property Type
Conventional
Square ft
2200 Square Feet
Property Description
Breathtaking wide angle views out to sea and over the islands all the way to the Camden Hills from this contemporary home located on the tip of the Pemaquid Peninsula. For those coming to Maine to hear the surf breaking on the rocks, smell the ocean, and be constantly entertained by its magic, this is it. Sitting on the edge of a rock formation known as the ''Amphitheater'' to the fisherman, there is a constant show of nature and boating activity to be enjoyed. The floor layout offers one floor living oriented to take in this view from every room. Two second floor bedrooms and full bath round out the space. Wrap around deck on the ocean side. Large attached two car garage with storage above. Last January the Maine Coast took a beating during two ocean storms of 100 year magnitude. Wind and tide aligned at this home to do some major damage on the side facing the sea. That side of the home has been all rebuilt to make it significantly structurally stronger with new heavy duty windows and doors...new kitchen, new roof, new deck, new generator (big enough to service both house and pool house), new generator connections, new propane connections, and new propane tank. The electric heat in the ceiling on the second floor was replaced with baseboard heat off the furnace. Perhaps most importantly a major retaining wall was added to deflect the force of the waves. The home sits close to 40' above high tide and is not technically in a Flood Zone as per Firmette Map. Fenced in pool with separate soaking hot pool. Accompanying 879' pool house which also acts as a guest house. Quiet neighborhood setting at the end of a dead end road. Property consists of two separate lots totaling over 3 acres. Very private. Mature plantings and thoughtful garden spaces create peaceful outside areas to wander to and sit. Neighborhood access to Pumpkin Cove Beach. Restaurants, sand beach, CE Reilly's iconic grocery store, boat to Monhegan Island, town boat ramps, kayaking, and golf all close by!
Property Information
Lot Size
3 acre(s) square ft
Property Type
Residential-Single Family Residence
Year Built
1980
MLS Number
--
Location
Address
95 Pumpkin Cove Road
City
South Bristol
State
ME
Zip Code
04554
County
LINCOLN
Listing
Name
Phone
(207) 780-8900
Office Name
Office Phone
(207) 780-8900
Agent Name
Katherine Leeman
Agency Phone
(207) 780-8900

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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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USHUD.com is a website that simplifies the process of finding foreclosures and HUD properties. Everyone thinks they are a real estate web surfing pro until they search for foreclosure homes and stumble upon a numerous sites that want to charge a fee to see their listings. With USHUD.com that’s not the case. When searching for HUD properties or a home finding website for foreclosure it is important to know what you are looking for. It is important to use a niche company that specializes in foreclosures like USHUD.com. We have put together 2 tools that have made the real estate search process of our website much easier to navigate. The Homesearch online tool is filled with foreclosure lists and free listings of hud homes for sale. Most of our users start with a broad search with the homesearch online tool to see the most HUD properties and foreclosure lists in your area and narrow their search down with the Homefinder online tool. The homefinder online tool is a custom filter system that we breakdown the area based upon filters such as convention and foreclosure listings. This give you the option to filter out conventional listings and focus on just the foreclosures in the market. We thank you for making us Americas top home finding website for foreclosure and Hud properties. Free listings of hud homes for sale are hard to come by but should always be free and that’s the way things are going to stay on our website.

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.