Home for Sale at 29 Morgan Lane, Salisbury, CT 06068

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29 Morgan Lane
Salisbury, CT 06068

Lenore Mallett with William Pitt Sotheby's Int'l, original listing - (860) 435-2400

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Property Details

List Price:	$5,995,000
Beds:	4
Baths:	Full: 2, ½: 2
Status:	Active
SqFt:	2300 Square Feet
Agency:	William Pitt Sotheby's Int'l
Agency Phone:	(860) 435-2400

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Description/Comments

Lot Size:	1 acre(s)
Property Type:	Residential-Single Family Residence
Year Built:	1920
Notes:	Welcome to: Heron Cove. For the first time on the market in over 60 years, one of the most coveted properties is nothing short of spectacular. At the very end of an unsuspecting private dirt road this home sits proudly overlooking the serene Washining Lake one of the Twin Lakes. The property boasts a 180+ degree, truly one-in-a-life-time-view. Walk through the sunny gardens and granite patio teeming with seasonal blooms. Moving inside the house, perhaps the most jaw dropping room is a a bright 4-season sunroom provides the perfect space to watch the world go by. In the living room, a natural stone fireplace grounds the space and an expansive window draws the eye towards yet another awe-inspiring view of the lake. In the main section of the house the wainscoting on the walls and ceilings create an atmosphere that is both chic and moody. A large picture window captures just one of the seemingly infinite views of the lake and Isola Bella Island across the way. Great blue herons and a resident swan are known to pass by, enhancing an already enchanting view. The dining room offers another place to gather with chic basket light fixture accenting the space. For a seamless transition to outdoor dining, a screened in porch off the main dining room is the perfect space for an intimate dinner party overlooking the water. An open concept kitchen flows into a cozy den with a sliding glass door out to a small patio including an outdoor shower.
MlsNumber:	--
ListingId:	24027766

Listing Provided By:	William Pitt Sotheby's Int'l, original listing
Phone:	(203) 209-1777
Office Phone:	(860) 435-2400
Agent Name:	Lenore Mallett
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.

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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.

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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