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0 Little Huston Brook Road
Concord Twp, ME 04920
$350,000
Conventional
Property
Bedroom
1
Bathroom
1
Property Type
Conventional
Square ft
445
Property Description
Just Completed a new access point to this marvelous property, The seller just completed a parking lot and a new bridge over the stream on its own land .Previously land was a right of way and parking was on another person 's land land Imagine you are a professional building contractor. You come across the perfect 100 acre parcel of prime hunting land. You have the skill, knowledge, and equipment to build your dream camp. You put an 18 by 32 camp on a full foundation and install a septic system with a dug well nearby. You wire the camp and have a generator for electricity. You install propane tanks for your cook stove, refrigerator, and run propane lights. Your cottage has an open concept kitchen-dining -living room bathed in natural light and finished in pine. A sliding door leads to an 18 by 8.5 foot deck and a full bath completes this level. You have two loft areas for sleeping in the tranquil wilderness. The 21.11 by 16.4 lower level is warmed by a wood stove and has plenty of room for you to putter around in this open space complete with overhead door for your ATV to come inside. Enjoy the solitude and privacy on your 100 acres. Plenty of moose droppings and deer rubs on the property. This location is ideal as you are just minutes to to Bingham, Wyman Lake, the Kennebec River, and The Forks. Sugarloaf and Greenville are an easy ride. You are in the center of a recreational paradise. When the conditions are right you can snowmobile and ATV from here. A year round opportunity awaits you to relax and enjoy all that Vacationland has to offer! The seller business is really busy and he wishes he had more time to enjoy. The cedar shake shingles are downstairs waiting to be put on. Tremendous opportunity for your own private compound in coveted Bingham area. You could also subdivide additional lots if that is your wish for family or others!
Property Information
Lot Size
100 acre(s) square ft
Property Type
Residential
Year Built
2018
MLS Number
1576333
Location
Address
0 Little Huston Brook Road
City
Concord Twp
State
ME
Zip Code
04920
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
John Blouin

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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.