Home for Sale at 46 Diamond Point Road, Lubec, ME 04652

46 Diamond Point Road
Lubec, ME 04652

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Property Details

List Price:	$499,900
Beds:	2
Baths:	2
Status:	Active
SqFt:	1135
Agency:	Realty of Maine
Agency Phone:	(207) 942-6310

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Description/Comments

Lot Size:	1 acre(s)
Property Type:	Residential
Year Built:	1989
Notes:	This youthful contemporary New England home is a gem. It offers a living room and kitchen combination with gorgeous light and water views of Johnson's Bay. The home has multiple levels and a handsome wraparound deck to enjoy the salty air, birds, and the bay. Every day you will enjoy sunrises and sunsets. The house offers a cozy and warm spacious, south-facing sunroom newly added in 2020. The craftsmanship of this addition is undeniable. One of the owners, a skilled builder, harvested wood from old barns and buildings and lovingly recycled and upcycled many areas of this home. The staircases are sturdy and made from well-worn wood so everywhere you place your hand is soft to the touch. The sunroom is trimmed with hearty old barn boards. Wooden pegs from an old barn, before they used nails, offer a landing for your jackets. A desk nook overlooking Johnson Bay from the eastern-facing window provides a place to craft, write, and daydream. And there's a bonus: a handy, hidden half bath with a utility sink and a toilet. Even the toilet paper holder is a mechanic's delight made out of an old hardwood handle. You just flip it up to change the roll. Brilliant! The main bedroom opens up onto the long lawn to the bay and all of the closets and laundry area have weathered barn wood and are trimmed with handsome hardware. There is a loft off the living room for a second elevated bedroom. The full bath is on its' own Â½ level between the kitchen/living room and main bedroom. There are cement pads with stone hearts to tickle your toes to welcome you at the back door. The property offers gorgeous perennials including a giant rhubarb plant, fragrant lilacs and apple trees plus a garden on the front lawn with an ocean view. There are a few outbuildings, one for gardening tools and the other as a shop and to store equipment. Lubec has a lively seasonal farmers' market, incredible hiking trails, lovely downtown, and a public boat launch. It is also the gateway to Campobello Island.
MlsNumber:	1592059

Listing Provided By:	Realty of Maine, original listing
Name:	Realty of Maine
Phone:	(207) 942-6310
Office Name:	Realty of Maine
Office Phone:	(207) 667-2300
Agent Name:	Georgiana Kendall
Disclaimer:	Copyright Â© 2024 Maine Real Estate Information System, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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.

Free Foreclosure Listings

USHUD.com is a website that simplifies the process of finding foreclosures and HUD properties. Everyone thinks they are a real estate web surfing pro until they search for foreclosure homes and stumble upon a numerous sites that want to charge a fee to see their listings. With USHUD.com that’s not the case. When searching for HUD properties or a home finding website for foreclosure it is important to know what you are looking for. It is important to use a niche company that specializes in foreclosures like USHUD.com. We have put together 2 tools that have made the real estate search process of our website much easier to navigate. The Homesearch online tool is filled with foreclosure lists and free listings of hud homes for sale. Most of our users start with a broad search with the homesearch online tool to see the most HUD properties and foreclosure lists in your area and narrow their search down with the Homefinder online tool. The homefinder online tool is a custom filter system that we breakdown the area based upon filters such as convention and foreclosure listings. This give you the option to filter out conventional listings and focus on just the foreclosures in the market. We thank you for making us Americas top home finding website for foreclosure and Hud properties. Free listings of hud homes for sale are hard to come by but should always be free and that’s the way things are going to stay on our website.

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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or licensed by the US Department of Housing and Urban Development

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