Home for Sale at 86 Tabor Hill Road, Fairfax, VT 05454

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86 Tabor Hill Road
Fairfax, VT 05454

The Hammond Team with KW Vermont, original listing - (802) 654-8500

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Property Details

List Price:	$650,000
Beds:	3
Baths:	Full: 2
Status:	Active
SqFt:	2224 Square Feet
Agency:	KW Vermont
Agency Phone:	(802) 654-8500

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Description/Comments

Lot Size:	11 acre(s)
Garage:	Garage
Property Type:	Residential-Single Family Residence
Year Built:	1998
Notes:	This 3 bedroom, 2.5 bath saltbox home is situated on over 11 acres of land. The updated kitchen has a butcher block and soapstone giving you plenty of space to prep food, a gas range, a pass through to the living and enough space to add a breakfast table. The living room features a wood stove for those cold winter nights. Formal dining space with an incredible backdrop of the rolling hills and blueberry farm in the backdrop. To the side of the dining is a flexible space that could be used for a playroom, sitting room, or tv room. First floor primary suite with full private bath and dual closets. The first floor also includes a ½ bath with laundry, a partially finished space currently being used as an office and a gym that could also be used as a pantry, home office or as a space for your favorite hobby. Upstairs you will find two spacious bedrooms and a full bath. The basement offers a large amount of unfinished space for storage. There is also a 2nd set of stairs that leads up to the garage. The back deck is 20’ x 16’ giving the perfect space to entertain or to simply relax and take in the view. Raised garden beds. Fully fenced in back yard. 2 car attached garage. There is a 4 stall horse barn that could be used as a garage. Separate side shed for storage. with a hayloft along with a large pasture below with a 1 stall barn. Outdoor riding arena. Located just 35 minutes to Burlington and 20 minutes to Essex.
MlsNumber:	--
ListingId:	5022367

Listing Provided By:	KW Vermont, original listing
Phone:	(802) 654-8500
Office Phone:	(802) 654-8500
Agent Name:	The Hammond Team
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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