Home for Sale at 961R North Park Avenue Extension, Redding, CT 06896

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961r North Park Avenue Extension
Redding, CT 06896

Mary Kate Klemish-Boehm with Brown Harris Stevens, original listing - (203) 221-0666

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Property Details

List Price:	$8,000
Beds:	4
Baths:	Full: 3, ½: 1
Status:	Active
SqFt:	3916 Square Feet
Agency:	Brown Harris Stevens
Agency Phone:	(203) 221-0666

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Description/Comments

Lot Size:	4 acre(s)
Garage:	Garage
Property Type:	Residential Lease-Single Family Residence
Year Built:	1978
Notes:	Experience peaceful country living in this country farm house furnished rental with 5 bedrooms & 3.5 baths located in the quaint town of Redding, CT. This scenic property sits high on the lot with a new circular driveway, flat land, and beautiful sunset views. Large dining/family room with abundant natural light, open kitchen, and beamed ceilings perfect for gatherings. Charming stone fireplace creates a warm and cozy atmosphere. Family room has two french doors to the open patio which has outdoor dining and lounging areas. The pool is fenced and there is a newly constructed safety gate to the pool. Dedicated working space in the library. Formal living room with additional fireplace. The main staircase leads to four bedrooms with two full baths. The primary bedroom walks out to an expansive deck overlooking the pool and grounds. Two of the four bedrooms have bunkbeds including a room with a full size baby crib. The other two bedrooms have a king size bed and full size bed. A back staircase connected to the dining room leads to an in-law suite w/ a queen bed, walk in closet and newly renovated ensuite bathroom. There is a large playroom off the back staircase down the hall from the in-law suite. The property has 4.7 acres with a fenced back yard, a horse stable and a very quiet road. Enjoy proximity to state parks and hiking trails nearby, and centrally located for easy access to the villages of Redding, Ridgefield, Weston and Easton.
MlsNumber:	--
ListingId:	24040351

Listing Provided By:	Brown Harris Stevens, original listing
Phone:	(203) 221-0666
Office Phone:	(203) 221-0666
Agent Name:	Mary Kate Klemish-Boehm
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.

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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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