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30 & 33 Taylor Road
Westport Island, ME 04578
$1,800,000
Conventional
Property
Bedroom
6
Bathroom
3
Property Type
Conventional
Square ft
4200
Property Description
Sitting atop Taylor Road, in historic Westport Island, this wonderful enclave captures your imagination the moment you enter the property. To the left is a a charming cottage, straight ahead is a large two car garage with a work room and perched at the top of this 4.5-acre property is a home that holds many surprises. When you walk up to the front steps and enter through the main door you are immediately taken aback by the gorgeous view of the Sheepscot River, visible from the home's large wrap around deck. If you chose to enter the home from the lower level, you can feel the warmth of this solidly built Maine home immediately. Upon entering the front entrance, you are greeted to an open floor plan, wood floors, a large wood burning fireplace, many windows showcasing the gorgeous view - all seamlessly connected to the updated kitchen and breakfast nook. Thoughtfully landscaped grounds invite you into the yard where you will find a bocce court, a firepit and a multitude of magnificent shrubs and flowers, blooming throughout the spring, summer, and fall. In the back of the property raised beds to grow your own vegetables await you along with a greenhouse and a ''luxurious'' chicken coop where you can fetch your fresh eggs daily! We can't forget the stairway down to the waterfront where you will find a dock and float so you can take a swim off the dock or go boating. A 10-minute drive will take you into the ''Prettiest Village in Maine'', Wiscasset, where you will find the famous Red's Eats for a fabulous lobster roll, art galleries, unique shops, and several wonderful restaurants. A short drive to the north brings you to many typical Maine fishing villages and to the south, Portland is only an hour away. Both the main house and guest house have been renovated in 2005 and 2011 respectively.
Property Information
Lot Size
4 acre(s) square ft
Property Type
Residential
Year Built
1977
MLS Number
1584920
Location
Address
30 & 33 Taylor Road
City
Westport Island
State
ME
Zip Code
04578
County
LINCOLN
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
Randall Miller

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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.