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146 Eva Lane
Stoddard, NH 03464
$425,000
Conventional
Property
Bedroom
2
Bathroom
2
Property Type
Conventional
Square ft
1236
Property Description
Here is an opportunity to live in an upscale waterfront neighborhood on a rural lane. The home is designed as a fun get away or an all season home. Built in 2001 of solid wood construction with beautiful rustic charm without giving up any of the creature comforts. Expansive windows allow for seasonal water views and sunlight. The open concept living area creates plenty of room without being crowded. The main floor has a cathedral ceiling creating a nice sleeping loft on the second floor. There is also a full bath and bedroom upstairs. The kitchen, off the dining area, is well appointed with an electric range that is also plumbed for LP gas. The main level heats with a propane stove and the finished basement has a propane wall furnace. In the walk out basement there is room for additional sleeping or entertaining. One part is converted into a workshop. The wrap around deck is a terrific place to entertain friends and family and underneath is storage for all the toys. At the end of a long driveway on nearly an acre is the yard, ample for games and the adjoining woods offer seclusion. The water frontage is just around the corner and is shared with 2 other homes. The road maintenance is shared by all lane residents and the yearly cost depends on the effort to keep it well passable. This is really a superb home on a desirable lakefront lot. The property has been used as an Air BNB and generated substantial revenue year round.
Property Information
Lot Size
33,976 sqft square ft
Property Type
Residential
Year Built
2001
MLS Number
4990444
Location
Address
146 Eva Lane
City
Stoddard
State
NH
Zip Code
03464
County
CHESHIRE
Listing
Provider
Better Homes and Gardens-The Masiello Group, original listing
Name
Better Homes and Gardens-The Masiello Group
Phone
(800) 741-1540
Office Name
Keene, New Hampshire
Office Phone
(603) 352-5433
Agent Name
Elaine Hall

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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.