Home for Sale at 58 Spark Plug Lane, Lubec, ME 04652

58 Spark Plug Lane
Lubec, ME 04652

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Property Details

List Price:	$739,900
Beds:	3
Baths:	1
Status:	Active
SqFt:	1236
Agency:	Realty of Maine
Agency Phone:	(207) 942-6310

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Description/Comments

Lot Size:	10 acre(s)
Property Type:	Residential
Year Built:	1850
Notes:	One of Washington County's best-kept secrets at the water's edge of the Lubec Channel is this seaside cottage with a beautiful barn and an unobstructed, panoramic view of the Sparkplug, Lubec Channel, Lubec, and Eastport. You almost feel one with the ocean you are so close to the water's edge. You can see the eagles soar and listen to the ebb and flow of the ocean. Built in the mid-1800s this Maine cottage embodies coastal Maine living to its' core. The house offers a bright kitchen, and dining and living rooms that both overlook the Channel. The first floor also hosts a bedroom which could also serve as an office off the living room. The owners exposed the handsome beams in the ceiling for the entire first floor and updated the bathroom with a handsome clawfoot bathtub. The second floor has 2 bedrooms with wonderful water views. This place is a birders' paradise with well over 200 hundred different birds sighted each year. The property is surveyed with thick forest behind you that abuts the South Lubec Road. The property is less than a mile to West Quoddy Headlight, the easternmost point in the continental US with 541 acres and 5 miles of hiking trails and a mile in the other direction to the beach at Carrying Place Cove. Plus oceanfront hiking and kayak launches abound. The lovely village of Lubec offers a lively farmers' market, gourmet coffee shop, t-shirt shop, the easternmost brewery, and it is also the gateway to Campobello Island, New Brunswick, Canada, home to FDR & Eleanor's summer residence.
MlsNumber:	1566925

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

USHUD.com is an Equal Housing Opportunity

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