Home for Sale at 155 Burrows Hill Road, Hebron, CT 06231

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155 Burrows Hill Road
Hebron, CT 06231

Derek Greene with The Greene Realty Group, original listing - (860) 560-1006

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Property Details

List Price:	$749,000
Beds:	3
Baths:	Full: 2
Status:	Active
SqFt:	2360 Square Feet
Agency:	The Greene Realty Group
Agency Phone:	(860) 560-1006

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Description/Comments

Lot Size:	2 acre(s)
Garage:	Garage
Property Type:	Residential-Single Family Residence
Year Built:	1852
Notes:	Greek Revival homestead full of character and set in the heart of Amston with an oversized attached barn on a level lot. Completely remodeled farmhouse including updated electrical and secondary panel, updated plumbing, new gas line and propane fireplace. New furnace, whole house water filtration system, septic and retaining wall, and radon system. New 50K roof on all property structures. New landscaping including a koi pond and fruit orchard and lots of mature perennials. Structural supports added in barn and basement, including new reclaimed beam. New reclaimed flooring. Completely remodeled kitchen with imported Moroccan brass fixtures, imported Italian range, farmsink, new soapstone countertop, and new butler's pantry. New light fixtures throughout. The perfect little coffee nook filled with blooming lilacs in the window each spring. Stunning exposed beams throughout the home. The attic has been wired to be finished into an additional room. New double pane windows throughout. New interior and exterior paint. Three oversized bedrooms and a fourth guest room or potential en-suite. Additional office nook. Easy access to Route 66 and Route 2. Steeped in history and featured in the town library. Extensive renovations have been completed; however, no additional work will be done and the home will be sold as-is. Buyer to verify all information and responsible for due diligence. Inspections are for informational purposes only.
MlsNumber:	--
ListingId:	24046103

Listing Provided By:	The Greene Realty Group, original listing
Phone:	(860) 560-1006
Office Phone:	(860) 560-1006
Agent Name:	Derek Greene
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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