Home for Sale at 181 Bunker Hill Avenue, Stratham, NH 03885

181 Bunker Hill Avenue
Stratham, NH 03885

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Property Details

List Price:	$1,295,000
Beds:	3
Baths:	3
Status:	Active
SqFt:	3182
Agency:	Compass New England, LLC

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Description/Comments

Lot Size:	1 acre(s)
Property Type:	Residential
Year Built:	2002
Notes:	Come explore the captivating beauty of 181 Bunker Hill Avenue, a one-of-a-kind custom-built bow roof cape. This remarkable residence, now available for the first time, presents a rare opportunity to become the proud owner of a home meticulously crafted by single-owners. As you arrive, you'll be greeted by a sprawling lot adorned with mature landscaping, creating a picturesque setting. Step inside to discover the first-floor primary suite, complete with an en-suite bath, walk-in closet, and direct access to the back deck. Gorgeous Brazilian Koa and Cherry hardwood floors layer the first level. The wood-burning fireplace adds a touch of warmth and charm to the living space, setting the stage for cozy gatherings. Venture outside to the expansive deck, featuring a gazebo and a hot tub, providing the perfect space for both relaxation and entertainment. Additionally, a beautiful barn with double doors adds a touch of rustic elegance and offers ample storage or workshop potential. Oversized 2-car garage with basement access. Above the garage, there is the exciting possibility of expansion, allowing you to tailor the home to your specific needs. Despite its convenient location, the home exudes a sense of seclusion, making it a truly rare find. Embrace the timeless charm and character of this enchanting property, where every detail reflects custom craftsmanship and enduring allure.
MlsNumber:	4998643

Listing Provided By:	Compass New England, LLC, original listing
Name:	Compass New England, LLC
Phone:	(603) 819-8071
Office Name:	Compass New England, LLC
Office Phone:	(603) 819-8071
Agent Name:	Bryttnie Gillis
Disclaimer:	Copyright Â© 2024 PrimeMLS. 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.

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Property Details

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Description/Comments

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HUD Foreclosures

Foreclosure Listings Increasing