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20 Wyman Drive
Wolfeboro, NH 03894
$10,950,000
Conventional
Property
Bedroom
7
Bathroom
8
Property Type
Conventional
Square ft
14778
Property Description
Extraordinarily private 6.2 acre site featuring 430' of prime frontage along the highly coveted southern shores of Lake Winnipesaukee's Wolfeboro Neck. Architecturally designed, and expertly crafted for a family unrestrained by budget. The result is a near 15,000 square foot, 7Bed/8Bath masterpiece unlike anything else in the Northeast. The home enjoys S/SW exposure and exceptional, long-range views. There are no neighbors in view and you'll enjoy more than 5,000SF of patio, deck and balconies, along with a remarkable, 2-slip boathouse and breakwater. The property will allow for additional structures to include a guest house or caretaker's cottage, a hobby barn, greenhouse or any number of recreational options. Inside, the home features soaring ceilings above intimate living spaces. A wall of windows pours natural light into the Great Room, where the owners have enjoyed hosting not only friends and family, but private events and concerts. An adjacent media room provides privacy without sacrificing views of the lake, which is less than 30' away! The kitchen was designed for the homeowner (a classically trained chef) and features both butler's and dry good pantries, professional appliances, stone counters and easy access to the rear deck for grilling. The home offers a professional waterside gym, spa and sauna, an elevator for ease of access and much more. Homes of this caliber rarely become available and they are virtually impossible to recreate. By appointment only.
Property Information
Lot Size
6 acre(s) square ft
Property Type
Residential
Year Built
2005
MLS Number
4958433
Location
Address
20 WYMAN Drive
City
Wolfeboro
State
NH
Zip Code
03894
County
CARROLL (County)
Listing
Provider
Duston Leddy Real Estate, original listing
Name
Duston Leddy Real Estate
Phone
(603) 661-8127
Office Name
Duston Leddy Real Estate
Office Phone
(603) 610-8285
Agent Name
Jamieson Duston

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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.