Home for Sale at Lot 6 Rosewood Lane, Milton, VT 05468

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Lot 6 Rosewood Lane
Milton, VT 05468

Templeton Real Estate Group with KW Vermont, original listing - (802) 654-8500

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Property Details

List Price:	$627,154
Beds:	3
Baths:	Full: 1, ½: 1, ¾: 1
Status:	Active
SqFt:	1875 Square Feet
Agency:	KW Vermont
Agency Phone:	(802) 654-8500

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Description/Comments

Lot Size:	0 acre(s)
Garage:	Garage
Property Type:	Residential-Single Family Residence
Year Built:	2025
Notes:	Welcome to Rosewood Lane, Milton’s newest neighborhood featuring 7 building lots and over 36 acres of common land, including walking trails and 26.95 acres of conservation area. Situated on a private gravel road, this small community offers the perfect blend of rural charm and modern convenience! Enjoy the proximity to Lake Arrowhead, Sand Bar and Niquette Bay State Parks, as well as other local amenities and easy interstate access. This to-be-built 1,875 square-foot home sits on a .66-acre lot and offers 3 beds, 2.5 baths, and a modern and open floor plan ideal for entertaining as well as everyday living! As you step inside, you’re welcomed with 9' ceilings throughout the main level, and off of the inviting foyer you’ll find the office, mudroom and half bath. In the spacious living room, the gas fireplace creates a beautiful focal point and provides a cozy setting. The 6' island and large walk-in pantry ensure plenty of countertop and storage space in the kitchen, and the dining area is the perfect spot to enjoy meals with large windows and a glass door leading to the backyard. The second level offers two nicely-sized bedrooms, a shared full bathroom and the laundry room, as well as a luxurious primary suite with cathedral ceilings, a walk-in closet and a 3/4 en suite with double sinks. Each home in this neighborhood is equipped with public water, natural gas and a private conventional septic system. The home is expected to be completed in July/August 2025.
MlsNumber:	--
ListingId:	5024978

Listing Provided By:	KW Vermont, original listing
Phone:	(802) 488-3487
Office Phone:	(802) 654-8500
Agent Name:	Templeton Real Estate Group
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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