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153 Foster Avenue
Hampden, ME 04444
$728,500
Conventional
Property
Bedroom
4
Bathroom
4
Property Type
Conventional
Square ft
4048
Property Description
When quality counts, you will insist on seeing this Old Fields Estates colonial in one of Hampden's premier neighborhoods. Nestled on a tree-lined lot, the home is situated off the road for privacy. Enter from the farmer's porch into the front foyer with custom wood staircase and vaulted ceiling allowing the natural light to flow through the adjoining rooms. Plenty of room to entertain in the beautifully appointed kitchen with oversized granite center island loaded with storage space. Let the party flow through the open concept living/family room with gas fireplace or spill out onto the spacious back deck overlooking your private backyard. Enjoy the separate dining room for more formal affairs. Upstairs leads to the spacious primary suite with a walk-in closet and a bright and beautiful ensuite bathroom with tiled shower, soaking tub and marble vanity. Three additional second-floor bedrooms are well sized and share two additional full baths. The great room over the 3-car garage is large enough for whatever meets your need from a theater room or pool table to family hangout/game room. The second floor laundry is so convenient and has a laundry sink. The entry from the 3-car garage opens to a must-have mud room, coat closet, pantry closet and half bath. And if over 4,000 square feet is still not enough space, expand into the dry, full basement with egress window and walk out to the garage. This home has been immaculately maintained and there is nothing left to do but move in and enjoy! Sellers graciously offer and additional 1-year limited protection warranty policy with the home for piece of mind.
Property Information
Lot Size
105,415 sqft square ft
Property Type
Residential
Year Built
2018
MLS Number
1589990
Location
Address
153 Foster Avenue
City
Hampden
State
ME
Zip Code
04444
County
PENOBSCOT
Listing
Provider
Better Homes and Gardens-The Masiello Group, original listing
Name
Better Homes and Gardens-The Masiello Group
Phone
(800) 741-1540
Office Name
Bangor, Maine
Office Phone
(207) 942-6711
Agent Name
Linda Gardiner

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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.