Home for Sale at 2736 Main Street, Fairfax, VT 05454

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2736 Main Street
Fairfax, VT 05454

Gregory Beeman with Dusty Trail Realty LLC, original listing - (802) 849-6605

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Property Details

List Price:	$789,000
Beds:	6
Baths:	Full: 4
Status:	Active
SqFt:	4444 Square Feet
Agency:	Dusty Trail Realty LLC
Agency Phone:	(802) 849-6605

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Description/Comments

Lot Size:	28 acre(s)
Garage:	Garage
Property Type:	Residential-Single Family Residence
Year Built:	1850
Notes:	Charming and light-filled 1857 farmhouse with 28 acres of mostly open fields in a great location for easy commute to St. Albans(10),Burlington or Smugglers' Notch Ski Area(25 min).Horse lovers will enjoy the 5 stall, center aisle,tack,feed and wash stall of the gambrel style barn (30'x48') with large loft for hay storage.Property is directly across from the Northwestern Riding facility and their new neighbor boasting stables and riding arena.The property offers a seasonal view of Lake Champlain and the back fields abut the lower part of St. Albans Reservoir and the beginning of the Mill River. The welcoming mudroom,kitchen and family room are all open to each other with the kitchen having lots of counter space.From there you can head out to the three-season room and relax and enjoy the light bouncing off the old maples outside.Bedroom 1 with Full Bath on first floor,with beautiful pine flooring throughout all the rooms. Second bedroom on first floor on the other side of the inviting stairway and central hall.Large living room with hardwood and plenty of windows looking out to the expansive back porch.The second floor has four bedrooms and two full baths along with the laundry room with washer, dryer and slop sink.Bedrooms all have pine floors.From the laundry you can go down the back stairs to the pantry next to the kitchen or go out the back door onto the back porch overlooking the yard,in-ground pool and enjoy sunsets.Basement is full height with concrete floors.
MlsNumber:	--
ListingId:	5015026

Listing Provided By:	Dusty Trail Realty LLC, original listing
Phone:	(802) 849-6605
Office Phone:	(802) 849-6605
Agent Name:	Gregory Beeman
Disclaimer:	Copyright © 2024 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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