Home for Sale at 409 Nettleton Hollow Road, Washington, CT 06794

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409 Nettleton Hollow Road
Washington, CT 06794

Kathryn Clair with William Pitt Sotheby's Int'l, original listing - (860) 868-6600

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Property Details

List Price:	$1,395,000
Beds:	3
Baths:	Full: 2, ½: 1
Status:	Active
SqFt:	3900 Square Feet
Agency:	William Pitt Sotheby's Int'l
Agency Phone:	(860) 868-6600

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Description/Comments

Lot Size:	3 acre(s)
Garage:	Garage
Property Type:	Residential-Single Family Residence
Year Built:	1837
Notes:	Nestled on one of the most picturesque roads in the region, straddling the border of Washington and Woodbury with views of nearby foothills, this extraordinary 1837 antique barn-style home is a perfect blend of historic character and modern comforts. Surrounded by major estates and bordered by the Steep Rock Land Trust on two sides, the property provides unmatched privacy and tranquility, with western-facing views over protected land. This 3-bedroom, 2.5-bath home w/1 br guest apt, features an open-concept floor plan, showcasing exposed beams, original charm, and high-end finishes. The vaulted living room is a true highlight, complete with built-ins, a wet bar, and an abundance of natural light that floods the space, creating a warm and inviting atmosphere. The spacious primary suite is conveniently located on the main level, which is a private retreat with an en suite bath, ensuring both comfort and privacy. A separate guest house adds to the property's appeal, providing additional living space ideal for visitors or extended family. Step outside to discover a stunning pool area with a stone terrace that overlooks the expansive level lawn and breathtaking western views. Whether you're entertaining or simply relaxing, this outdoor space is designed for enjoying the natural beauty of the surrounding countryside. The property has ample space for privacy, gardening, or additional outdoor activities, with Steep Rock Land Trust protecting the neighboring land
MlsNumber:	--
ListingId:	24057311

Listing Provided By:	William Pitt Sotheby's Int'l, original listing
Phone:	(203) 948-5255
Office Phone:	(860) 868-6600
Agent Name:	Kathryn Clair
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.

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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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