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280 Old County Road
Hampden, ME 04444
$152,000
Conventional
Property
Bedroom
3
Bathroom
2
Property Type
Conventional
Square ft
2700
Property Description
With its unbeatable location in a serene country setting right next to Bangor, this gorgeous historical farmhouse has always captured attention. Peaceful fields, stunning sunsets year-round, views from every window, and ample land for your privacy. The wraparound farmer's porch has been renovated with brand-new cedar flooring and new supports. Other features include: original staircase, wide pine floors throughout the entire house, huge attic space for storage above the kitchen/dinning area (can be converted into a living space). This home has a lot to offer. Plus, two newer fully operational heat pumps/ACs enhance HVAC efficiency, while natural gas availability (with a meter already installed) makes future upgrades hassle-free. Despite a recent garage fire, the structure remains completely undamaged, having undergone thorough gutting to prevent any potential residual smoke odors. All you need to do is install walls, doors, and ceilings, and give a light sanding to the already finished beautiful wide pine floors to restore their original luster. Bring back the two-bay two-story garage (on the existing concrete foundation) to complete the authentic look and functionality. Consider adding improvements as well, like an additional bathroom. Included in the listing are photos from before the incident, providing a glimpse of the home's potential. There's absolutely no reason why this house cannot be brought back to its original state or even better. Its undeniable curb appeal has always made it stand out on one of Hampden's most desirable streets. Calling thoughtful and respectful investors!
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
1850
MLS Number
1589997
Location
Address
280 Old County Road
City
Hampden
State
ME
Zip Code
04444
County
PENOBSCOT
Listing
Provider
Berkshire Hathaway HomeServices Northeast Real Est, original listing
Name
Berkshire Hathaway HomeServices Northeast Real Est
Phone
(207) 942-8261
Office Name
Berkshire Hathaway HomeServices Northeast Rea
Office Phone
(207) 942-8261
Agent Name
Susan Eldridge

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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.