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21 Longmeadow Drive
Veazie, ME 04401
$780,000
Conventional
Property
Bedroom
4
Bathroom
3
Property Type
Conventional
Square ft
5151
Property Description
Welcome to 21 Longmeadow Drive! Nestled on a peaceful cul-de-sac street, this 5,100 sq/ft residence spans four levels of living space. The ground floor features a mudroom with a double coat closet adjacent to a newly updated three-quarter bath and direct-entry access to the two-car garage. The expansive eat-in kitchen boasts cherry cabinets, granite countertops, stainless steel appliances, and a walk-in pantry, leading to a spacious great room with a Hearthstone woodstove and palladium doors to the deck. The formal dining room, adorned with custom paneling, flows into the living room. Additionally, there's an office that can serve as a first-floor bedroom. The open staircase ascends to a second-floor atrium with custom bookshelves. The primary bedroom suite includes an updated bath with an enlarged glass shower, a new vanity, an LED-lit mirror with a de-fogging Bluetooth light, and a convenient laundry room. Three additional bedrooms are generously sized and share a newly modernized bathroom. The attic offers a flexible bonus room, ideal for any purpose. The finished basement, in an open-concept design, provides extensive space for entertainment. Set on nearly an acre, the property is ensconced in evergreens for privacy. Recent updates include numerous Andersen replacement windows, conversion to natural gas for heating and cooking, added heat pumps for additional heating and cooling, and an extended deck with Trex decking, vinyl railings, a hot tub option, rain gutters, and flower beds. The lighting has been upgraded to LED fixtures, including a retractable fan in the living room, while the original fixtures now have LED bulbs. Ring cameras enhance security at the mudroom entry, garage and backyard. This home is centrally located between UMaine in Orono, Husson University, St. Joseph's Hospital, and Northern Light Campuses in Bangor. The town of Veazie offers students a choice of high schools. An extensive list of updates is attached to the property disclosure.
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
1999
MLS Number
1587623
Location
Address
21 Longmeadow Drive
City
Veazie
State
ME
Zip Code
04401
County
PENOBSCOT
Listing
Provider
ERA Dawson Bradford Co., Realtors, original listing
Name
ERA Dawson Bradford Co., Realtors
Phone
(207) 947-6788
Office Name
ERA Dawson-Bradford Co.
Office Phone
(207) 947-6788
Agent Name
Patricia Quirk

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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.