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25 Peaslee Court
Hampstead, NH 03841
$679,000
Conventional
Property
Bedroom
3
Bathroom
3
Property Type
Conventional
Square ft
2469
Property Description
3b 3b Colonial home in popular Hampstead cul-de-sac in the Pinkerton Academy District nicely situated on a landscaped 3+ acres. The front yard offers irrigation and lovely seasonal blooming flowers and shrubs. The exterior features vinyl and tasteful accents to add instant appeal. As you enter, you will notice hardwood flooring and freshly painted walls, eat in kitchen has granite counters and a center island which is a great spot for dining or conversations with the cook. The French-style doors open to the 3-season sunroom, the perfect place to relax with your morning coffee. The family room with a gas stove adds an additional heat source and ambiance. Designated first-floor laundry space for convenience, a nicely updated 1/2 bath, and an additional room that could be used as a formal dining room or a sitting room for relaxing. Upstairs, you will find hardwood throughout; the primary en suite is Sunny and bright with a walk-in closet and a newly updated bath with tile, glass shower door, and granite vanity. The two additional bedrooms are a perfect size with excellent closet space. The hall bath is nicely updated with granite. A small nook-off hall offers an ideal homework hideaway. The newly finished attic adds two rooms of additional living space. This could be easily used for a quiet office, teen suite, and family game room. This home offers ease of mind with a new hot air gas furnace and C/AC. Newer decking and a Pergola for grilling and chilling!
Property Information
Lot Size
142,876 sqft square ft
Property Type
Residential
Year Built
1993
MLS Number
4988538
Location
Address
25 Peaslee Court
City
Hampstead
State
NH
Zip Code
03841
County
ROCKINGHAM
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
Atkinson, New Hampshire
Office Phone
(603) 362-5564
Agent Name
Trish Povey

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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.