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150 Spring Drive
Bowdoin, ME 04287
Marie Flaherty with The Flaherty Group, original listing - (207) 221-8585
$525,000
Conventional
Property
Bedroom
3
Bathroom
Full: 2, ½: 1
Property Type
Conventional
Square ft
2500 Square Feet
Property Description
At the very end of a quiet dead-end street, this beautifully maintained 3-bedroom, 2 1/2 bath colonial awaits the lucky new owners that are looking for an idyllic retreat on over 3 acres of serene, wooded land. The home is surrounded by mature landscaping that accentuates the natural beauty of the property that extends beyond to common area trails for your enjoyment. Your expansive front porch will beckon you and your guests to sit and enjoy the tranquil landscape that changes with the seasons. Inside, the open living, dining, and kitchen area is the heart of the home. Sliding glass doors in the dining space lead to a large deck, providing an effortless flow for entertaining or just soaking up the peaceful surroundings. The kitchen's efficient layout ensures it's as practical as it is welcoming, while a separate home office on the main floor makes remote work a breeze. A unique two-level mudroom with a spacious closet provides ample storage and organization options. Downstairs, the daylight basement features a nice family/fitness room with direct access to the backyard—ideal for game nights or simply relaxing by the firepit under the stars. The backyard itself is wonderful, with room for gardening, play, or future outdoor enhancements. Nearby, the Purinton Homestead Conservation area offers more opportunities for peaceful nature walks, making this home perfect for outdoor enthusiasts. With its convenient proximity to Portland, Augusta, and the Brunswick/Topsham area, commuting and shopping are easy, making this property the perfect blend of rural tranquility and urban convenience. This Bowdoin gem is more than just a home —it's a lifestyle waiting to be embraced.
Property Information
Lot Size
3 acre(s) square ft
Property Type
Residential-Single Family Residence
Year Built
2005
MLS Number
--
Location
Address
150 Spring Drive
City
Bowdoin
State
ME
Zip Code
04287
County
SAGADAHOC
Listing
Name
Phone
(207) 776-9160
Office Name
Office Phone
(207) 221-8585
Agent Name
Marie Flaherty
Agency Phone
(207) 221-8585

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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.