Home for Sale at 74 Pinnacle Road, Ellington, CT 06029

Refine Search

74 Pinnacle Road
Ellington, CT 06029

Denise Reale with Century 21 AllPoints Realty, original listing - (860) 621-8378

« Prev

Property Details

List Price:	$599,900
Beds:	4
Baths:	Full: 2, ½: 2
Status:	Active
SqFt:	3464 Square Feet
Agency:	Century 21 AllPoints Realty
Agency Phone:	(860) 621-8378

Map Details Show Map | Show StreetView

Description/Comments

Lot Size:	1 acre(s)
Garage:	Garage
Property Type:	Residential-Single Family Residence
Year Built:	1988
Notes:	Idyllic location in the rolling hills of the Ellington Valley on 1.07 private acres. This comfortable and stylish home is big on square feet and features. A grand foyer that makes a sure statement w/ second story windows and a balcony view. The open and luxurious floor plan is highlighted by cathedral ceilings, gleaming hardwood floors, abundant windows and natural light throughout. Nine rooms, 2 full & 2 half baths with a front to back living room, a palatial master suite and generously sized secondary bedrooms. The lovely wood fireplace in the 1st floor family room can be seen from the center island/breakfast bar in the expansive granite kitchen. The family room flanks the 9th room of the house which has been opened to the family room making the perfect computer nook or toy storage area. The deluxe primary bedroom suite is one of the nicest I've seen w/ a colossal bathroom set with whirlpool tub and stall shower, plenty of closet space, a cedar closet and an adjoining room is ideal for office, nursery, or dressing room w/ balcony. The lower level adds another 1500 sq ft of space including finished rec room w/ 1/2 bath, large storage/utility room and a magnificent 14'x25' workshop/ built as a 4th garage, currently w/double doors to the rear yard and will make any artist or tinkerer happy. Central air, Central Vac. This is a real beauty in a location that can't be beat!
MlsNumber:	--
ListingId:	24047938

Listing Provided By:	Century 21 AllPoints Realty, original listing
Phone:	(860) 621-8378
Office Phone:	(860) 621-8378
Agent Name:	Denise Reale
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.

Local Real Estate Expert

Sharon L Watson Stokland

List N Show

Call Today!: (203) 564-3262

Contact Me

USHUD.com on the Go!

Foreclosure Mobile App

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.

HudExchange.com is a private company not affiliated or associated with or endorsed, authorized, approved, sponsored
or licensed by the US Department of Housing and Urban Development

HudExchange.com is an Equal Housing Opportunity

- Pat. 7,813,958 - Pat. 7,958,007 - Pat. 8,046,258 - Pat. 8,073,737 - Pat. 8,190,476 - Pat. 8,195,514
- Pat. 8,306,856 - Pat. 8,412,576 - Pat. 8,510,165 - Pat. 8,825,527 -