Home for Sale at 27 Muirfield Road, Burlington, VT 05408

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27 Muirfield Road
Burlington, VT 05408

Jolene Greene with RE/MAX North Professionals, original listing - (802) 760-7517

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Property Details

List Price:	$1,195,000
Beds:	5
Baths:	Full: 2, ½: 1, ¾: 2
Status:	Active
SqFt:	3176 Square Feet
Agency:	RE/MAX North Professionals
Agency Phone:	(802) 760-7517

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Description/Comments

Lot Size:	0 acre(s)
Garage:	Garage
Property Type:	Residential-Single Family Residence
Year Built:	1991
Notes:	Rare chance to own in one of Burlington's most desirable neighborhoods! The lovingly maintained 5-bedroom Colonial has been cared for by its owners for decades, and now they are ready to downsize. The main level features a cozy living room with a gas fireplace, updated kitchen, huge dining/family room with expansive windows overlooking the backyard, two separate offices, and a large laundry/mudroom. Wow your visitors with the private 1st-floor guest suite with a private front entrance, exclusive back deck, large bathroom and walk-in closet. Upstairs a traditional primary suite can be found at one end of the hall, with another bedroom & bathroom suite at the other end. Two more bedrooms and a full bath round out the upstairs. Expect some surprises in the basement! It's mostly finished with new flooring and paint, a great workshop area, and tons of built-in storage. Outside, children and pets can roam safely in the fenced backyard with mature landscaping and quaint garden shed for all your toys. Enjoy private beach access, use of two neighborhood pools and proximity to the bike path. This home is located directly across the street from one of the City's lesser-known parks - complete with tennis, pickleball, basketball and a playground. With a new roof, new garage doors, newer windows and much more, this home is ready for new owners to move right in. Take advantage of the opportunities this property has to offer, while enjoying relaxed living near the shores of Lake Champlain.
MlsNumber:	--
ListingId:	5027819

Listing Provided By:	RE/MAX North Professionals, original listing
Phone:	(802) 760-7517
Office Phone:	(802) 760-7517
Agent Name:	Jolene Greene
Disclaimer:	Copyright © 2025 PrimeMLS. 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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