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Lot 3 Emerson Ridge
Dover, NH 03820
$1,545,000
Conventional
Property
Bedroom
4
Bathroom
4
Property Type
Conventional
Square ft
3167
Property Description
Emerson Ridge, Chinburg Builder’s newest luxury community has launched! This stunning 4 bedroom, 4 bath home plan features over 3160 square feet of finished space that just flows with ease and will sit beautifully in this gorgeous setting. Whether from the living room into the screened porch (with optional fireplace upgrade) or the 42-foot deck that wraps the home into the dining room and kitchen w/ a walk-in pantry - entertaining here would be a breeze. The beautiful, covered porch welcomes you into a spacious foyer with the open concept living space beyond and a dedicated 1st floor office. Upstairs presents the Primary Suite with a 20 foot long, walk-in closet flooded w/ natural light, as well as a guest suite at the opposite end of the hall. Revel in the upgraded standard selections package that includes Custom Tile Shower, Tiled Guest Bath Surround, Quartz Countertops, enlarged kitchen islands per plan, Upgraded Insulation Package and Energy Star Certification. Thinking you might still want to upgrade? We’ve got that covered with a beautiful Design Center with endless options! Emerson Ridge where scenic, pastoral farmland will envelop 11 single family homes amid 34 acres w/ direct access to 15 acres of pristine open space. Homes feature thoughtful interior design & expanded outdoor living spaces. Each plan reflects the character of the property with the innovation & modern design esthetic buyers have come to expect. Come see “The Chinburg Difference”, we love what we do!
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
--
MLS Number
4994609
Location
Address
Lot 3 Emerson Ridge
City
Dover
State
NH
Zip Code
03820
County
STRAFFORD (County)
Listing
Provider
The Gove Group Real Estate, LLC, original listing
Name
The Gove Group Real Estate, LLC
Phone
(603) 778-6400
Office Name
The Gove Group Real Estate, LLC
Office Phone
(603) 778-6400
Agent Name
Michelle Sullivan

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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.