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149 Middle St Street
Old Town, ME 04468
Suzanne Chase with Bangor, Maine, original listing - (207) 942-6711
$319,000
Conventional
Property
Bedroom
4
Bathroom
Full: 2
Property Type
Conventional
Square ft
2187 Square Feet
Property Description
This absolutely charming 3-story home welcomes you the moment you arrive! The pretty paint colors and beautiful landscaping can't help but lift your mood! This property is in wonderful condition, both inside and out! You will find it difficult to choose just one favorite room or outdoor space! The back deck with composite floors is so pleasant and private, a quiet place for morning coffee. From there, enter the spacious kitchen, offering well done updates yet keeping the original charm. The dining room is essential for hosting family and friends during special occasions. From the dining room, you can easily transition to the tastefully updated living room with a cozy heat stove, attractive mantle and built-in media cabinet. Across the hall is a first-floor office, but with plumbing access just underneath the floor, could make the perfect additional bathroom. Walk down basement access is in the hallway. The basement is clean, dry and offers plenty of storage space. There is even a nice full bath! The front door to the house is located at the other end of the hall and leads to the large first front porch. Up on the 2nd floor there is another office with 2 large closets, a nice guest room with closet, the primary bedroom with lots of natural light, the large laundry room with original hardwood floor, a gorgeous, sparkling, updated full bath with original built-ins and tile floor, then at the end of the hallway is porch #2. This is such a unique feature of the home and may be the new owner's favorite chill space in the warmer months. There's more! The third floor is a surprisingly large and wonderfully functional space for guests, teens or even the perfect crafting/artist space. In addition to the open room, there is another small room plus a walk-in cedar closet. Finally, the location of this property is desirable as it is within walking distance of schools, parks and downtown. Just 8 miles to Bangor and even closer to the University of Maine campus in Orono.
Property Information
Lot Size
0 acre(s) square ft
Property Type
Residential-Single Family Residence
Year Built
1912
MLS Number
--
Location
Address
149 Middle St Street
City
Old Town
State
ME
Zip Code
04468
County
PENOBSCOT
Listing
Name
Phone
(207) 852-9157
Office Name
Office Phone
(207) 942-6711
Agent Name
Suzanne Chase
Agency Phone
(207) 942-6711

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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.