Home for Sale at 15 Arrowhead Way, Weston, CT 06883

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15 Arrowhead Way
Weston, CT 06883

Karen Hagen with Compass Connecticut, LLC, original listing - (203) 293-9715

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Property Details

List Price:	$2,650,000
Beds:	7
Baths:	Full: 7, ½: 1
Status:	Active
SqFt:	6519 Square Feet
Agency:	Compass Connecticut, LLC
Agency Phone:	(203) 293-9715

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Description/Comments

Lot Size:	2 acre(s)
Garage:	Garage
Property Type:	Residential-Single Family Residence
Year Built:	1986
Notes:	Welcome to 15 Arrowhead Way, an exceptional contemporary residence that offers luxurious living throughout its 3 finished floors. The living spaces on the main level are perfect for entertaining and everyday living. From a circular foyer, you're drawn to a stylish family room with adjoining screened porch, a gorgeous living room with fireplace & a spacious dining room. The renovated kitchen has a light-filled breakfast nook with amazing property views. A sophisticated primary bedroom suite is found on the main floor, along with a private, executive-level office. Another main floor private space, perfect for a guest or au pair, includes a full bathroom. The second floor includes 5 bedrooms, 2 of which are set apart as a private refuge. They share a bathroom & a multi-purpose area (study/den). The remaining 3 upstairs bedrooms are all en-suite, including a second primary suite that is ideal for parents that want to be near young children. The expansive walk-out lower level includes a central hangout room, exercise room, play/rec room, full bath, cedar closet and home theater - a perfect indoor recreation facility. As the weather warms, you'll want to take the play outdoors on this gorgeous 2+ acre property, complete with pool & tennis court. Situated at the end of a picturesque cul-de-sac, this residence offers tranquility and privacy, while being conveniently on the Weston and Westport line. Easy access to Weston's top-rated schools and Westport's vibrant main st
MlsNumber:	--
ListingId:	24068179

Listing Provided By:	Compass Connecticut, LLC, original listing
Phone:	(203) 856-8028
Office Phone:	(203) 293-9715
Agent Name:	Karen Hagen
Disclaimer:	Copyright © 2025 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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