Home for Sale at 45 Popple Swamp Road, Cornwall, CT 06754

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45 Popple Swamp Road
Cornwall, CT 06754

David Hurlburt with William Pitt Sotheby's Int'l, original listing - (860) 927-1141

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Property Details

List Price:	$595,000
Beds:	3
Baths:	Full: 2
Status:	Active
SqFt:	2224 Square Feet
Agency:	William Pitt Sotheby's Int'l
Agency Phone:	(860) 927-1141

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Description/Comments

Lot Size:	7 acre(s)
Property Type:	Residential-Single Family Residence
Year Built:	1978
Notes:	For the first time on the market, discover the allure of country living on the coveted Popple Swamp Road. This classic colonial, featuring 3 bedrooms and 2 full baths, is proudly perched on over 7.5 acres of private, verdant land. The home has been thoughtfully updated with a new septic system, ensuring modern convenience amidst its rustic charm. The property's tranquility is unmatched, with the soothing sounds of Bloody Brook flowing gently behind the home. Inside, the living room's wood stove promises cozy evenings and a warm ambiance throughout the cooler seasons. The screened-in porch offers a serene haven for enjoying the natural surroundings and observing the local wildlife in comfort. An open front yard invites endless possibilities for outdoor activities, gardening, or simply basking in the open space. This home is ideally situated near the Mohawk Ski Area, the iconic Cornwall Covered Bridge, the convenient Cornwall Bridge Market, and the scenic trails of Mohawk State Park, providing a wealth of recreational options. Commuters will appreciate the 25-minute drive to the nearest train station, offering ease of access for travel. Adding to the property's unique character is the presence of a co-champion eastern white pine tree, a majestic natural landmark that stands as a testament to the area's rich natural heritage. Seize the opportunity to own this enchanting colonial retreat, where the charm of yesteryear meets the comforts of today.
MlsNumber:	--
ListingId:	170623317

Listing Provided By:	William Pitt Sotheby's Int'l, original listing
Phone:	(860) 480-5975
Office Phone:	(860) 927-1141
Agent Name:	David Hurlburt
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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