Home for Sale at 16 Greenleaf Farms Road, Newtown, CT 06470

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16 Greenleaf Farms Road
Newtown, CT 06470

Jennifer B. Runnette with Brown Harris Stevens, original listing - (203) 221-0666

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Property Details

List Price:	$1,695,000
Beds:	5
Baths:	Full: 4, ½: 2
Status:	Active
SqFt:	5580 Square Feet
Agency:	Brown Harris Stevens
Agency Phone:	(203) 221-0666

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Description/Comments

Lot Size:	3 acre(s)
Garage:	Garage
Property Type:	Residential-Single Family Residence
Year Built:	1993
Notes:	Stunning, Custom Colonial designed by Micheal Greenberg blends elegance and everyday comfort with high ceilings, quality details and hardwood floors throughout. Located on 3.49 acres,offering privacy and gorgeous vistas. A gracious two story entry welcomes you to the living room that leads to a private study and large deck. The formal dining room w butlers pantry, seamlessly leads to the kitchen. The light filled family room with fireplace overlooks the gourmet kitchen, the heart of the home. The eat in kitchen features a large center island with honed granite counters,bar sink, Subzero Frig, 8 burner gas range, natural stone backsplash with French doors that lead to the 3 season sun room and deck. Upstairs features the primary bedroom en suite with marble double sink, shower and soaking tub. 3 additional bedrooms, one en suite and two share a jack and Jill. The great room finishes the upstairs, with plenty of space for a game room, home theatre or both! Finished lower level with a full bath is perfect for in-laws, teens or overnight guests with a separate room that could be a 5th bedroom or another office. French doors walk out to the stone patio with new outdoor fireplace. Large 3 car garage leads to a spacious mudroom and kitchen pantry. Brand New Geothermal system in Place. Beyond the property is an open meadow w 30+ acres owned by Newtown Forest Assoc and Bridle trails that lead to Collis Huntington State Park. Don't miss your chance to call this home!
MlsNumber:	--
ListingId:	24029015

Listing Provided By:	Brown Harris Stevens, original listing
Phone:	(203) 221-0666
Office Phone:	(203) 221-0666
Agent Name:	Jennifer B. Runnette
Disclaimer:	Copyright © 2024 SmartMLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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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.

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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