Home for Sale at 139 Pumpkin Hill Road, New Milford, CT 06776

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139 Pumpkin Hill Road
New Milford, CT 06776

Federico Martinez with Keller Williams Prestige Prop., original listing - (203) 327-6700

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Property Details

List Price:	$700,000
Beds:	4
Baths:	Full: 3, ½: 1
Status:	Active
SqFt:	4067 Square Feet
Agency:	Keller Williams Prestige Prop.
Agency Phone:	(203) 327-6700

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Description/Comments

Lot Size:	1 acre(s)
Garage:	Garage
Property Type:	Residential-Single Family Residence
Year Built:	1978
Notes:	Thoughtfully renovated and designed with attention to detail, this spacious 4-Bedroom, 3.5-Bath home combines contemporary style with functional living spaces. As you enter, you'll be immediately impressed by the open-concept layout, which features gleaming hardwood floors, large windows, and an abundance of natural light that flows throughout the home. The gourmet kitchen is a true centerpiece, showcasing top-of-the-line appliances, custom cabinetry, and a large center island that doubles as both a cooking space and a breakfast bar. The adjacent formal dining room is perfect for hosting family dinners or special gatherings. The living area is spacious and inviting, with a cozy fireplace that serves as the focal point. Step out through sliding doors to the expansive deck and backyard with picturesque views - a private outdoor oasis perfect for barbecues or relaxing. The primary suite is a luxurious retreat with ample space, a walk-in closet, and an en-suite bath that features a spa-like shower, and dual sinks. Each of the additional three bedrooms is generously sized, with plenty of closet space, ideal for guests or multi-generational living. In addition, this home includes a fully finished lower level ready to be configured to your unique family needs - family room, movie nights, extra room or a home office, plus a full bathroom for added convenience. A laundry room and two-car garage complete the interior. Please schedule your private viewing before it's gone!!!
MlsNumber:	--
ListingId:	24054047

Listing Provided By:	Keller Williams Prestige Prop., original listing
Phone:	(203) 829-3965
Office Phone:	(203) 327-6700
Agent Name:	Federico Martinez
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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