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45 Hurd Point Road
Dedham, ME 04429
$849,900
Conventional
Property
Bedroom
3
Bathroom
3
Property Type
Conventional
Square ft
2012
Property Description
Welcome to your Lucerne-in-Maine Village retreat on Phillips Lake! Imagine leisurely Sundays watching regattas from your expansive private porch. Built in 2019, this turn-key year-round cape boasts 3 bedrooms and 3 baths. As you step inside, you're greeted by an inviting open-concept living and eat-in kitchen area, with sparkling quartz countertops, a gas fireplace flanked by built-in bookcases, and energy efficient heat pumps throughout for year-round heating & cooling. The first-floor features two bedrooms, one of which opens to a common bath and laundry room, and a primary suite, with its own private bath. Upstairs, an airy office overlooks the lake, along with an additional bedroom and full bath with a custom tile shower. The spacious daylight basement family room is perfect for accommodating extra guests - or makes a versatile workout space. The detached 2-car garage and paved driveway offer ample parking and storage options. Across the road an extra half-acre lot boasts the large leach field built to accommodate another dwelling, providing expansion possibilities. But the real star is Phillips Lake. With 104 feet of waterfrontage, you'll have direct access to pristine waters ideal for swimming, boating, and fishing. And with a gradual entrance to the lake, launching your boat has never been easier! 4 energy-efficient heat pumps, 3-zone baseboard heat, Culligan water system, and a Generac full home standby generator make this turn-key home a year-round paradise. Don't miss your chance to own a year-round home on this sought-after Lucerne-in-Maine lakefront. Schedule your showing today and start living the lake life you've always dreamed of!
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
2019
MLS Number
1589317
Location
Address
45 Hurd Point Road
City
Dedham
State
ME
Zip Code
04429
County
PENOBSCOT
Listing
Provider
Realty of Maine, original listing
Name
Realty of Maine
Phone
(207) 942-6310
Office Name
Realty of Maine
Office Phone
(207) 942-6310
Agent Name
Renee Hudgens

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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.