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19 Quarry Drive
South Berwick, ME 03908
$579,000
Conventional
Property
Bedroom
4
Bathroom
Full: 3
Property Type
Conventional
Square ft
3279 Square Feet
Property Description
Looking for a home with plenty of space in a great neighborhood? Look no further. This 4 bed, 3 bath Cape home offers ample room to spread out. Located in the highly sought-after Old Mill neighborhood, it provides amenities such as an inground pool, tennis courts, and basketball courts. It is also in a prime location, with easy access to Route 236 for commuting to the seacoast, and near the center of town. The property features a partially fenced-in private backyard lined with mature trees and bushes. There is also a shed for storage and a large deck. Inside the front entrance, a mudroom with cathedral ceilings leads to a spacious office and living room with a wood stove. The living room opens up to the kitchen and dining area, which has a large slider to the back deck. There is also a secondary office/exercise room and a 1st-floor bedroom with a walk-in closet. Down the hall, you'll find a full bathroom with laundry, another large mudroom, a mechanical room with your FHW heat system and hot water, and direct access to the 2-car attached garage. There are two separate upstairs areas. The main upstairs includes 3 more bedrooms, including a primary suite with a walk-in closet and dedicated bathroom, and a 3rd full bathroom that serves the other 2 bedrooms. Through the mudroom by the garage, another set of stairs leads to a large den/rec room or potential 5th bedroom space with another walk-in closet. There is plenty of space and storage in this wonderful home. Showings begin on Saturday, July 13th at the open house from 11:00am to 12:30pm.
Property Information
Lot Size
0 sqft square ft
Property Type
Residential-Single Family Residence
Year Built
1982
MLS Number
--
Location
Address
19 Quarry Drive
City
South Berwick
State
ME
Zip Code
03908
County
YORK
Listing
Provider
Keller Williams - Portsmouth, original listing
Name
Phone
(603) 610-8500
Office Name
Office Phone
(603) 610-8500
Agent Name
Brandon Elsemore
Agency Phone
(603) 610-8500

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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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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.