Home for Sale at 16 & 18 Lock Lane, York, ME 03909

16 & 18 Lock Lane
York, ME 03909

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Property Details

List Price:	$3,950,000
Beds:	3
Baths:	4
Status:	Active
SqFt:	3564
Agency:	Carey & Giampa realtors

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Description/Comments

Lot Size:	12 acre(s)
Property Type:	Residential
Year Built:	1984
Notes:	Exceptional Seaside offering. 16 and 18 Lock Lane are two adjacent parcels which combined consists of over 12 acres. A hidden gem with breathtaking views of Godfrey's Cove and the Atlantic Ocean. A rare opportunity to have a unique investment or private family compound in the desirable community of York. This lovely post and beam home offers expansive, open living space, Large windows to take advantage of the natural light and the stunning water views The chef's kitchen offers plenty of space to work, island seating as well as a pantry. Stone fireplace in the living room is a focal point throughout the main living level. Primary bedroom suite is located on the first floor and features one of the home's 3 decks in addition to a spacious walk-in closet and full bath. Large home office with custom built-ins is also located on the first floor along with a laundry room and a half bath. Upstairs you will find 2 additional bedrooms including one en-suite, an additional full bath and a gorgeous 22'x29' bonus space which makes a great guest room. Recent exterior painting. The property also includes an automatic generator. Property is being conveyed substantially furnished.
MlsNumber:	4985224

Listing Provided By:	Carey & Giampa realtors, original listing
Name:	Carey & Giampa realtors
Phone:	(603) 964-7000
Office Name:	Carey Giampa, LLC/Rye
Office Phone:	(603) 964-7000
Agent Name:	Terri Brunette
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.

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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