Information You MUST be pre-qualified before buying a Home.
Get pre-qualified by filling out our easy, 3 step form!
185 Atlantic Highway
Northport, ME 04849
$875,000
Conventional
Property
Bedroom
6
Bathroom
4
Property Type
Conventional
Square ft
4000
Property Description
Overlooking Penobscot Bay, this Mid Coast Jewel stands out as not only an historic property, (President Wilson was a regular) but as a one-of-a-kind opportunity, offered today. Situated on a large lot of 28 acres available for $1,075,000, this home with outbuildings is being offered for a lesser amount - for $875,000 -with only 5 Acres. Previously operated as an inn for many years and more recently as a weekly rental, this is the ideal opportunity for a full scale event center. Located in Northport, between Belfast and Camden with Lincolnville Beach in between, the location could not be more centrally located, lending to a business venture. Only an hour from Bangor International Airport, 2 hours to Portland and 4 hours to Boston, this could be the Coastal Maine Event Center you've been dreaming of building. Equipped with most of the necessities for weddings, reunions, private parties and all events, large and small, you are off to a good start with this fully furnished home. Serving and seating for 100+. Tent included also and yes, even super stretch Limousine. As a single family residence, there are surely enough rooms with a diverse floorplan, lending opportunity for all lifestyles to have their own unique space. The barn furnishes space for the less formal entertaining, with a bar, walk-in cooler, game room, dance floor; outdoor lobster cooker will please everyone in the crowd. Host the wedding ceremony in the elegant gazebo, with the ocean as your backdrop. Separate living quarters in the barn offer 2 bedrooms and 1 bath. Don't delay on this incredible opportunity. Given this is a seasonal rental property, we are limited with days for showings. So please call with that in mind. Owners are not booking any longer so you can soon be the new owners of this Mid Coast Jewel! This is a real estate only offering. There is no business being sold so no numbers are available. The website, is included with the sale if desired by new owners.
Property Information
Lot Size
5 acre(s) square ft
Property Type
Residential
Year Built
1800
MLS Number
1568205
Location
Address
185 Atlantic Highway
City
Northport
State
ME
Zip Code
04849
County
WALDO
Listing
Provider
United Realty of Maine, LLC, original listing
Name
United Realty of Maine, LLC
Phone
(207) 323-7000
Office Name
United Realty
Office Phone
(207) 323-7000
Agent Name
Roland Littlefield

USHUD.com on the Go!

Foreclosure Mobile App
Ushud Foreclosure iPhone App
Ushud Foreclosure Android App

HUD Foreclosures
Free Foreclosure Listings
Foreclosure Listings Increasing

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.

Free Foreclosure Listings

USHUD.com is a website that simplifies the process of finding foreclosures and HUD properties. Everyone thinks they are a real estate web surfing pro until they search for foreclosure homes and stumble upon a numerous sites that want to charge a fee to see their listings. With USHUD.com that’s not the case. When searching for HUD properties or a home finding website for foreclosure it is important to know what you are looking for. It is important to use a niche company that specializes in foreclosures like USHUD.com. We have put together 2 tools that have made the real estate search process of our website much easier to navigate. The Homesearch online tool is filled with foreclosure lists and free listings of hud homes for sale. Most of our users start with a broad search with the homesearch online tool to see the most HUD properties and foreclosure lists in your area and narrow their search down with the Homefinder online tool. The homefinder online tool is a custom filter system that we breakdown the area based upon filters such as convention and foreclosure listings. This give you the option to filter out conventional listings and focus on just the foreclosures in the market. We thank you for making us Americas top home finding website for foreclosure and Hud properties. Free listings of hud homes for sale are hard to come by but should always be free and that’s the way things are going to stay on our website.

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.