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7 Court Street
Anson, ME 04958
$325,000
Conventional
Property
Bedroom
4
Bathroom
3
Property Type
Conventional
Square ft
2788
Property Description
Beautiful and spacious Colonial with 120 feet of owned frontage on the Carrabassett River. At the end of a small, town maintained dead end street you will find this welcoming home. Adorned in warmer weather with meticulously maintained hydrangeas, roses and other perennials it's easy to see that this property has been well cared for. That feeling continues as you step into the open concept first level featuring a large living room and a comfortable kitchen with plenty of room for an island. The rest of the open area is large enough for a full size dining table. There's a full bathroom, easily accessible from the front door and a laundry room tucked away near the back. Just off of the kitchen is a bonus room that was previously office and business space. This addition has a separate entrance and half bath. Head to the second level by way of the extra wide stairs to find 3 standard bedrooms and the master suite. This extra large bedroom has a full bathroom and private dressing area with views of the river. A large walk in closet completes the dressing area. The basement is partially finished with plenty of space for relaxing or entertaining. The custom bar, refrigerator and small TV in the basement will convey with the sale. This former man cave had been used as a home theatre by a previous owner and some of the wiring and controls remain. In the utility area you will find a System 2000 boiler that provides radiant floor heat to the house and basement so your feet will never be cold. An oversized set of steps takes you out to the back yard. More perennial gardens enhance the perimeter while the deck and patio area create options for outdoor enjoyment. If all of that isn't enough, climb down the hill to your own personal rocky beach just down river from Gorge Falls on the Carrabassett River. This property has a lot to offer. Please contact a Real Estate Professional to schedule your private showing.
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
2006
MLS Number
1570667
Location
Address
7 Court Street
City
Anson
State
ME
Zip Code
04958
County
SOMERSET
Listing
Provider
Vallee Harwood & Blouin Real Estate, original listing
Name
Vallee Harwood & Blouin Real Estate
Phone
(207) 622-2220
Office Name
Vallee Harwood & Blouin Real Estate
Office Phone
(207) 622-2220
Agent Name
Byrne Wright

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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.