Home for Sale at 16 Burritts Landing North, Westport, CT 06880

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16 Burritts Landing North
Westport, CT 06880

Mark Gilrain with Brown Harris Stevens, original listing - (203) 221-0666

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Property Details

List Price:	$4,995,000
Beds:	8
Baths:	Full: 10, ½: 1
Status:	Active
SqFt:	10556 Square Feet
Agency:	Brown Harris Stevens
Agency Phone:	(203) 221-0666

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Description/Comments

Lot Size:	2 acre(s)
Garage:	Garage
Property Type:	Residential-Single Family Residence
Year Built:	1860
Notes:	Spectacular and rare is this home on 2 expansive manicured acres along the CT coast. Imagine living near the sound, next to a sylvan pond, keeping geometrical kitchen gardens, collecting cars in a 6-car garage, tending plantings around your own rock outcropping, playing a soccer game on your front lawn, relieving summer swelter in the cool of the association pool, beach, or taking to the water on kayak, paddle board, or your own deep-docked boat. Inside the house is three living floors offering 16 rooms, and much more. Ceilings stand between 12 and 13 feet, yet craftsmanship makes the home intimate. Windows tower. Look at the floorplans' proportions and flow. The grand central hall ties together rooms of distinction - salon, grand room, library, dining room. The modern kitchen includes a family room and deck. Bed chambers flank halls on both 2nd and 3rd levels. In the primary bedroom, enjoy separate closets and bathrooms. The showpiece bath is brand new with a balcony. It benefits from the home's oversized watermain such that a room-sized shower spills water like a Vegas fountain. An access stair leads to the roof deck with the best views in Westport. Balconies, decks, sunrooms, and porches abound - views of Water are everywhere looking every way. Built w/ strength. An asset to store value. Quality and Engineering. A home in which to Stride into the Future.
MlsNumber:	--
ListingId:	24043650

Listing Provided By:	Brown Harris Stevens, original listing
Phone:	(203) 221-0666
Office Phone:	(203) 221-0666
Agent Name:	Mark Gilrain
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.

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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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