Home for Sale at 92 Shafer Road, New Hartford, CT 06057

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92 Shafer Road
New Hartford, CT 06057

Derek Greene with The Greene Realty Group, original listing - (860) 560-1006

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Property Details

List Price:	$829,000
Beds:	5
Baths:	Full: 4
Status:	Active
SqFt:	4648 Square Feet
Agency:	The Greene Realty Group
Agency Phone:	(860) 560-1006

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Description/Comments

Lot Size:	1 acre(s)
Garage:	Garage
Property Type:	Residential-Single Family Residence
Year Built:	1986
Notes:	Welcome to 92 Shafer Road, a beautifully renovated 5-bedroom, 4-bath colonial in the scenic town of New Hartford, CT. This expansive home offers 4,648 square feet of refined living space, blending modern luxury with timeless elegance. A standout feature is the attached in-law suite, which includes a spacious bedroom, a contemporary kitchen with stylish cabinetry and appliances, a washer and dryer, and a full bath. This suite provides comfortable, independent living. Set on 1.44 acres of private, landscaped grounds, the property features a serene in-ground heated pool, complemented by a spacious deck and patio - perfect for relaxation and entertaining. The open floor plan includes a stunning kitchen with quartz countertops and a breakfast bar, flowing into a family room and sunroom, both with cathedral ceilings and inviting fireplaces. The main level also offers a versatile room ideal for a craft space or home office, and a convenient laundry room. The second level features a luxurious primary bedroom suite with a sitting area, gas fireplace, walk-in closet, and a full bath with double sinks, a shower, and a tub. Four additional bedrooms and three full bathrooms, all updated with elegant granite countertops, complete the home. New, energy-efficient mini-split systems provide both air conditioning and heating throughout. Conveniently located near Ski Sundown and just a short drive from shopping and dining in Torrington and easy access to recreational activities.
MlsNumber:	--
ListingId:	24089049

Listing Provided By:	The Greene Realty Group, original listing
Phone:	(860) 560-1006
Office Phone:	(860) 560-1006
Agent Name:	Derek Greene
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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