Home for Sale at 12 White Hollow Road, Sharon, CT 06069

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12 White Hollow Road
Sharon, CT 06069

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

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Property Details

List Price:	$990,000
Beds:	3
Baths:	Full: 1, ½: 1
Status:	Active
SqFt:	2674 Square Feet
Agency:	William Pitt Sotheby's Int'l
Agency Phone:	(860) 435-2400

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Description/Comments

Lot Size:	40 acre(s)
Garage:	Garage
Property Type:	Residential-Single Family Residence
Year Built:	1956
Notes:	This exceptional 40 acre property has it all, views, a pond, rolling meadows and it abuts protected state land. In addition to the gorgeous setting, there is a lovely three bedroom home and several outbuildings. The home offers an open floor plan and takes full advantage of the views in multiple directions. A large brick fireplace adds charm and character to the main floor and continues to the lower level family room with another fireplace. The home has updated mechanicals, including an automatic, whole-house generator. The living space extends to the outside with a bluestone patio and two decks, one overlooking the pool. Outside are several outbuildings, including an operating Sugar Shack for maple syrup production, a separate garage/equipment barn and a hay barn. This property has been in the same family for almost 70 years and has so much potential for an equestrian, someone who wants to farm or a car enthusiast with its multiple garages and nearby proximity (4 miles) to Lime Rock Park. One could use the existing home while building their dream home on another part of the property. The possibilities are endless. Located a few miles from the village center and less than 20 minutes to the Wassaic Metro North station with daily service to NYC, Sharon is a charming, historic town and offers the best of country living. Don't miss this rare opportunity!
MlsNumber:	--
ListingId:	24075296

Listing Provided By:	William Pitt Sotheby's Int'l, original listing
Phone:	(860) 671-1557
Office Phone:	(860) 435-2400
Agent Name:	Mimi Harson
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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