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1269 River Road
Bucksport, ME 04416
$359,000
Conventional
Property
Bedroom
4
Bathroom
3
Property Type
Conventional
Square ft
2483
Property Description
The charming Cape Cod style house, just 2.3 miles from the Orrington town line, boasts numerous improvements. Set back from the road, it features a 2-car garage under, with a 576 sqft addition above comprising three rooms - two ideal for guests, office space or playroom, while the den with a half bath and new wood stove completes the layout. Transitioning to the main house, the kitchen faces east, offering scenic views of the surrounding woods, providing a serene backdrop while preparing meals. The adjacent dining room offers ample space for gatherings and dinners. The living room features a cozy brick fireplace with a new wood stove insert, ensuring warmth throughout the years. A bedroom on this level adds convenience and flexibility, while the adjacent laundry room leads to a deck joining seamlessly to the den, enhancing indoor-outdoor flow and connection to the large side and back yard and woods beyond. Ascending the staircase to the second level, you'll find new berber-style carpeting in two of the three bedrooms, providing comfort underfoot. The third bedroom stands out with elegant hardwood flooring, adding a touch of sophistication to the living space. A full bath completes the second floor. Additional updates include a whole house Generac generator with weekly testing, two dedicated propane tanks, four heat pumps for efficient heating and cooling, and a 240 sqft shed that could serve to store gear or create an artist studio. The partially finished basement features a fireplace and a ¼ bath, offering additional space and versatility. This home offers true country living with peace of mind because of its unique blend of updates and serene surroundings.
Property Information
Lot Size
1 acre(s) square ft
Property Type
Residential
Year Built
1971
MLS Number
1587896
Location
Address
1269 River Road
City
Bucksport
State
ME
Zip Code
04416
County
HANCOCK
Listing
Provider
ERA Dawson Bradford Co., Realtors, original listing
Name
ERA Dawson Bradford Co., Realtors
Phone
(207) 947-6788
Office Name
ERA Dawson-Bradford Co.
Office Phone
(207) 947-6788
Agent Name
Marianna Reeves

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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.