Home for Sale at 5 Maple Street, Kingfield, ME 04947

5 Maple Street
Kingfield, ME 04947

« Prev

Property Details

List Price:	$299,000
Beds:	3
Baths:	3
Status:	Active
SqFt:	2375
Agency:	Keller Williams - Greater Portland

Map Details Show Map | Show StreetView

Description/Comments

Lot Size:	--
Property Type:	Residential
Year Built:	1818
Notes:	A must see in one of the most desirable neighborhoods in the beautiful town of Kingfield. The home boasts 3 bedrooms, living room, family room, kitchen, office space, workshop, laundry room, 2 car garage with direct access and storage space above giving you all the room you need for family and entertaining on a large intown lot. Beautiful wood floors in downstairs and upstairs rooms. Cozy up to one of 2 fireplaces, A propane wall heater in the family room within range of the downstairs main bedroom does not require electricity to run, which is great during power outages. Recent upgrades to the insulation and installation of a heat pump make the house warm in winter and cool in summer. The large backyard with the Stanley Stream running the length of the back of the property makes a serene setting for outdoor entertainment. This home is also one of the previous homes of the Stanley family of Stanley Steamer fame. Kingfield, gateway to Maine's western mountain recreation areas, has trail system access for both motorized and non-motorized vehicles directly from the property. Village restaurants and shops are just across the bridge over the Carrabassett river. Skiing and golfing at Maine's premier resort, Sugarloaf, is a short drive north as well as hiking and biking in the mountains. It's an amazing place to live and work. This could be your home, get-away or investment property! Call today for an appointment to view!
MlsNumber:	1570840

Listing Provided By:	Keller Williams - Greater Portland, original listing
Name:	Keller Williams - Greater Portland
Phone:	(207) 879-9800
Office Name:	Keller Williams - Greater Portland
Office Phone:	(207) 879-9800
Agent Name:	Christopher Rushton
Disclaimer:	Copyright Â© 2024 Keller Williams Realty, 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.

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.

HudExchange.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

HudExchange.com is an Equal Housing Opportunity

- Pat. 7,813,958 - Pat. 7,958,007 - Pat. 8,046,258 - Pat. 8,073,737 - Pat. 8,190,476 - Pat. 8,195,514
- Pat. 8,306,856 - Pat. 8,412,576 - Pat. 8,510,165 - Pat. 8,825,527 -

Property Details

Map Details Show Map | Show StreetView

Description/Comments

USHUD.com on the Go!

HUD Foreclosures

Foreclosure Listings Increasing