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35 Fairfield Street
Nantucket, MA 02584
$2,395,000
Conventional
Property
Bedroom
3
Bathroom
3
Property Type
Conventional
Square ft
--
Property Description
Experience the timeless appeal of exposed solid oak in this lovingly maintained Post and Beam contructed home. Boasting three bedrooms and 2.5 baths. This serene location offers expansive views of the many acres of conservation land. The first floor welcomes you into an open foyer with a coat closet and stairway to the second floor. This floor is complete with a primary bedroom with full bathroom, 2 additional bedrooms, share a full shower bathroom. This bathroom has a stackable washer and dryer. Also from the first floor hallway there is easy access to a full basement and inside door to the garage. The Open concept second floor has hardwood oak flooring throughout the living, dining, pantry and kitchen area. Relax by the wood burning fireplace in the living room or step onto the upper deck through the French doors to take in the distant ocean view over the conservation land. A bonus space is located off the kitchen that can be used as an office /den. There is separate alcove area with pantry storage and wine-chiller for entertaining. For ease of living there is a 1/2 bath. Finally there is the open loft above the kitchen which you can easily ascend via the sturdy oak ladder. Once in the loft, there is eave storage, additional seating and the access to the pull down ladder to get up the Roof Walk. From there you can enjoy beautiful sunsets and captivating views from this charming retreat. The property comes partially furnished (list of exclusions can be obtained from broker) and is in move in condition. Interior features include the full unfinished basement, One car attached garage with storage, a custom Compass Rose design inlay set in the dining area floor. The home's exterior boasts a shell driveway with ample parking, 2 porches, large deck, Patio with fire pit, enclosed outdoor shower, trash shed and inground sprinkler system. Schedule a viewing today. Current - Title 5 Certification for the 3 br septic system.
Property Information
Lot Size
-- square ft
Property Type
Other
Year Built
2000
MLS Number
90565
Location
Address
35 Fairfield Street
City
Nantucket
State
MA
Zip Code
02584
County
NANTUCKET
Listing
Provider
O2554 LLC, original listing
Name
O2554 LLC
Phone
(508) 451-0191
Office Name
Congdon & Coleman Real Estate
Office Phone
(508) 451-0191
Agent Name
Joyce Montalbano

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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.