Home for Sale at 5 N Vigue Shore Road, Albion, ME 04910

5 N Vigue Shore Road
Albion, ME 04910

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Property Details

List Price:	$600,000
Beds:	7
Baths:	4
Status:	Active
SqFt:	3200
Agency:	Maine Real Estate Pros
Agency Phone:	(207) 200-8759

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Description/Comments

Lot Size:	--
Property Type:	Residential
Year Built:	2021
Notes:	SEE THE SUNRISE FROM NEARLY EVERY ROOM IN THIS LARGE 3200 SF YEAR ROUND HOME ON LOVEJOY POND IN ALBION MAINE. THE NEW HOME BUILT IN 2021 HAS MULTIPLE USES. IT IS CURRENTLY OCCUPIED AS A RENTAL PROPERTY BRINGING IN $8400 MONTHLY. THIS HOME CAN BE OCCUPIED AS A 7 BEDROOM / 4 BATH HOME WITH WIDE OPEN KITCHEN, DINING ROOM, LIVING ROOM WITH A GREAT ROOM AND SECOND KITCHEN DOWNSTAIRS. IT IS CURRENTLY OCCUPIED AS A DUPLEX BUT CAN EASILY BE CONVERTED TO A HUGE SINGLE FAMILY HOME. OCCUPY ONE UNIT WHILE RENTING OUT THE OTHER TO COVER YOUR MORTGAGE PAYMENT AND LIVE FOR FREE. 8 SLIDING PATIO DOORS OVERLOOK THE POND WITH A DECK ON THE 2ND FLOOR THAT MAKES AN AWESOME PLACE TO ENJOY YOUR MORNING COFFEE. CATHEDRAL CEILINGS ON THE 2ND FLOOR MAKES THIS HOME VERY OPEN AND SPACIOUS. WASHER AND DRYER HOOKUPS ON EACH FLOOR WITH CENTRAL COOLING AND HEATING PROVIDED BY 4 HEAT PUMPS. THIS PROPERTY HAS DIRECT POND ACCESS WITH YOUR OWN BOAT LAUNCH AS WELL AS A ROLL IN DOCK AND FLOATING SWIM/SUN PLATFORM. ALL NEW SS APPLIANCES WITH LARGE KITCHEN ISLANDS ON EACH FLOOR. SUPER INSULATED AS WELL BETWEEN FLOORS FOR SOUND CONTROL. THE PROPERTY HAS A WELL, SEPTIC AND A LARGE PAVED DRIVEWAY. IF THAT'S NOT ENOUGH IT ALSO INCLUDES A NEWLY BUILT 24 X 20 TWO CAR GARAGE THAT IS COMPLETELY FINISHED INSIDE. THE GARAGE CAN PROVIDE ADDITIONAL RENTAL INCOME AND CAN BE USED AS A GUEST HOUSE, AIRBNB, OR LONG TERM RENTAL. THE STUDIO APARTMENT HAS CATHEDRAL CEILINGS, IT'S OWN KITCHEN AND BATHROOM WITH LAUNDRY AND HAS CENTRAL COOLING AND HEATING WITH A HEAT PUMP. THE FUNCTIONAL, INSULATED GARAGE DOOR OPENS UP TO A NARROW BUT VERY CONVENIENT STORAGE ROOM. 3 OTHER ABUTTING PROPERTIES AVAILABLE AT SIMILAR VALUES. ASK BROKER.
MlsNumber:	1590991

Listing Provided By:	Maine Real Estate Pros, original listing
Name:	Maine Real Estate Pros
Phone:	(207) 200-8759
Office Name:	Maine Real Estate Pros
Office Phone:	(207) 200-8759
Agent Name:	Stephen Morgan
Disclaimer:	Copyright Â© 2024 Maine Real Estate Information System, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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.

Free Foreclosure Listings

USHUD.com is a website that simplifies the process of finding foreclosures and HUD properties. Everyone thinks they are a real estate web surfing pro until they search for foreclosure homes and stumble upon a numerous sites that want to charge a fee to see their listings. With USHUD.com that’s not the case. When searching for HUD properties or a home finding website for foreclosure it is important to know what you are looking for. It is important to use a niche company that specializes in foreclosures like USHUD.com. We have put together 2 tools that have made the real estate search process of our website much easier to navigate. The Homesearch online tool is filled with foreclosure lists and free listings of hud homes for sale. Most of our users start with a broad search with the homesearch online tool to see the most HUD properties and foreclosure lists in your area and narrow their search down with the Homefinder online tool. The homefinder online tool is a custom filter system that we breakdown the area based upon filters such as convention and foreclosure listings. This give you the option to filter out conventional listings and focus on just the foreclosures in the market. We thank you for making us Americas top home finding website for foreclosure and Hud properties. Free listings of hud homes for sale are hard to come by but should always be free and that’s the way things are going to stay on our website.

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.

USHUD.com is a private company not affiliated or associated with or endorsed, authorized, approved, sponsored
or licensed by the US Department of Housing and Urban Development

USHUD.com is an Equal Housing Opportunity

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