This 3 bedroom contemporary home on a level.64 acre lot was just listed. Click below for more information.
Portland, Middlesex County
Manchester, Hartford County - We invite everyone to visit our open house at 119 Valley View Rd on September 9 from 1:00 PM to 3:00 PM.
• 2,314 sq. ft., 3 bath, 4 bdrm colonial - MLS® $319,900
Manchester, Hartford County - Located on a corner lot in a wonderful neighborhood, this home must be seen. Since 2006 this home has been almost totally remodeled. As you drive up to this colonial, you will be impressed with the new landscaping, stone and vinyl siding and side entrance garage. It sits very nicely on the lot. As you enter the front door you will be in a good sized foyer with a closet lined hallway leading back to the remodeled kitchen. There are new cabinets, granite countertops, stainless appliances and new tile floors. Off of the kitchen is a full bath with a shower, which again has been totally remodeled. To the other side is a pretty formal dining room for those dinner parties with pretty white chair rail and shadow boxing. Off of the living room is a good sized living room with a bay window. To the other side of the kitchen is a great family room with a fireplace. All of these rooms have refinished hardwood floors. And this is a great floor plan for entertaining or just living.
Upstairs there are 4 bedrooms, all with refinished hardwood floors. The master bedroom has a walk-in closet and a full bath again totally remodeled. There is another full bath upstairs with double sinks, granite countertops, new tile floors and all remodeled. In addition this home has all new lighting fixtures, ceiling fans, all white trim and doors, making it what everyone is looking for today.
The basement is finished except for adding flooring. There is also a new water heater, new air conditioning and new windows. Off of the sliders in the kitchen you walk out to a multi-level deck that leads to an above ground pool for summer fun. There is also a patio. All in all this home offers everything you might be looking for and all you have to do is move in.
Mountain Laurel Way, Portland - We invite everyone to visit our open house at 70 Mountain Laurel Way on April 22 from 1:00 PM to 3:00 PM.
• 2,888 sq. ft., 2 bath, 4 bdrm colonial - MLS® $409,900 - Fantastic Price
Mountain Laurel Way, Portland - Set on a well landscaped 3.30 acre lot in a fantastic neighborhood, this colonial will be sure to impress.
As you enter the front door, the two story foyer with hardwood floors, wainscoting and more is beautiful. To the right is the formal dining room also with hardwood floors, wainscoting and crown molding. The formal living room is filled with light from the many windows, some with half arches at the top.
All across the back of the house is the kitchen, eating area and family room with an oversized slider to a deck. Not your typical rectangular box, the kitchen has a curved corian counter with a place for bar stools. The eating area overlooks the backyard through the bay window and the whole area is light and bright with gleaming hardwood floors. The kitchen also has a pantry closet. The family room again is graced with long windows with half arches at the top on either side of the fireplace. There is also a built in bookshelf with storage.
As you go up the curved staircase to the second floor, you will be amazed when you see the gleaming rosewood floors in the hallway and two of the bedrooms, plus the sitting area which overlooks the foyer. There are also French doors dividing the upstairs. The master bedroom again is very bright and impressive with the vaulted ceiling, skylight, ceiling fan and huge window overlooking the backyard. The walk-in closet is very large as is the master bath with its whirlpool tub and new granite countertops. There are two other bedrooms upstairs with rosewood floors and painted in fantastic designer colors and a light, bright full bath.
The 4th bedroom can be an in-law/aupair/bedroom/office. It has its own entrance from the outside.
As you go out the back door you will see a large lot which is half planted and the rest is woods. There is a long deck going across the back and a gazebo with lights and speakers. This is a must see home!
Glastonbury, Glastonbury Center - We invite everyone to visit our open house at 332 Cavan Ln on March 4 from 1:00 PM to 3:00 PM.
Enjoy Life Without Doing Outside Work
• 1,723 sq. ft., 2 bath, 3 bdrm 2 story "Contemporary" - MLS®
Glastonbury, Glastonbury Center - Set on a wonderful little circle this immaculately maintained contemporary colonial would be a great place to call home if you do not want to mow lawns, plow, paint the exterior, redo your roof and more. You can just sit back and let others take care of everything for you. That is the advantage to living in a PAD.
As you walk in the front door you wil be impressed with the open feeling and the vaulted ceiling in the living room with extra windows allowing lots of light in. Beyond the living room is a beautiful formal dining room.
Go down the hall and you will be in a large country kitchen. You can choose to have an eat-in kitchen and a family room with a fireplace and built-in bookcases and shelves or you can make the whole room one big kitchen. There are sliders to a nice size deck for you to enjoy and do your barbecuing. Off of the kitchen is a half bath and the laundry room and pantry closet.
Upstairs there are 3 bedrooms and 2 full baths. All of the bedrooms are filled with light and many windows. The master bedroom is a great size and has a walk-in closet plus a linen closet. The master bath was just totally remodeled with tile floors, and a huge walk-in shower with seating and Kohler fixtures.
Next we will go to the fully finished lower level. That has been very nicely done with Berber carpeting and two separate areas open to each other. One section is a wonderful family room or recreation area and the other area is presently being used as an office or could be an exercise area. There is still plenty of room for storage, but you do have 750 sq.ft of finished space.
This home also has a 2 car garage with new steel garage doors, a roof that was replaced about 5 years ago, a new furnace that was installed last year and the new master bath. The decor is very neutral so you can do what you want very easily to make it your own.
Heritage Lane, East Hartford - Priced well below value, don't miss out. We invite everyone to visit our open house at 6 Heritage Ln on August 28 from 1:00 PM to 3:00 PM.
Glastonbury, Glastonbury Center - Announcing a price reduction on 114 Goodrich Rd, a 2,985 sq. ft., 3 bath, 4 bdrm 1 3/4 story "Cape with Addition". Now MLS® $409,900 - Best Price in Glastonbury.
Majestic Cape on Level Lot
• 2,985 sq. ft., 3 bath, 4 bdrm 1 3/4 story "Cape with Addition" - MLS® $419,900
Glastonbury, Glastonbury Center - Beautifully situated on a level, well landscaped lot, this oversized, distinctive looking cape stands out from all of the rest. Featuring some beautiful windows, gleaming white trim and a freshly painted exterior, along with two entrances, this is only the beginning of what this home has to offer.
As you enter the front door, with new storm door, you will be in a very nice entryway with a large formal living room to your left. The floors are all hardwood and everything has just been freshly painted from ceilings to walls to trim. The living room features a fireplace with a woodstove insert that can be removed as well as a large bay window.
The kitchen, although not recently updated is certainly far from being original. It features tile floors, lots of counter space, plus room to eat-in. The kitchen opens to another large room, presently used as a dining room, but could be a combination kitchen/ family room or country kitchen. That area has parquet floors, a fireplace and built-ins and is totally charming. There is also a door out to a deck.
Also on the first floor are 2 more rooms, plus a full bath. One is presently a family room and has beautiful built-in bookcases, painted a gleaming white and a window seat. The other room is a fantastic guest bedroom..
The upstairs of this home has a very flexible floor plan. First there is a very large bedroom (15x21), again with hardwood floors and freshly painted. The room being used as a master bedroom now is very large and very unique, with a chimney coming up the center, and lots of skylights. There are two walk-in closets. There is also a completely redone full bath in this section of the second floor as well as another full bath just off of the master bedroom, which has a Jacuzzi tub and a shower.
The addition presently used as an office and music room with a 1/2 bath, could be a master suite or an in-home office.
The backyard, gardens and deck are magnificent and private.
• 1,851 sq. ft., 2 bath, 3 bdrm single story - MLS® $349,900
Glastonbury, Glastonbury Center - Located in the Buttonball School area of Glastonbury, this cape has been totally remodeled in the past 6 years. Set on a pretty lot with a large backyard with the added bonus of having an inground pool with a new liner, decking and fencing, you will totally enjoy your summer.
The kitchen which is 11x24 has been remodeled with new cabinets, countertops, hardwood floors and stainless appliances. There is a huge eating area and it opens to a jaloused porch. The first floor has 3 other rooms, which can be used for many things. One is your living room with a fireplace. The town calls the other 2 rooms bedrooms, but one could be an office, den or formal dining room. The other room is a first floor bedroom, perfect for guests since there is also a full bath on the first floor. Every room has hardwood floors
Upstairs there are 2 very large bedrooms and it is dormered across the back. The master bedroom is 16x17 and has lots of space. The other bedroom s 14x17, also a good size. The full bath has been totally remodeled as has the one on the first floor. Besides the remodeled baths and kitchen there is a new roof, furnace and windows, driveway and deck. Freshly painted with all white trim and doors.
Make n appointment soon to see this home, since it won't be around for long.
Heritage Lane, East Hartford - We invite everyone to visit our open house at 6 Heritage Ln on April 10 from 11:00 AM to 1:00 PM.
Reproduction Saltbox Colonial
• 2,320 sq. ft., 2 bath, 3 bdrm colonial "Saltbox" - MLS® $289,900
Heritage Lane, East Hartford - Set on a cul-de-sac street with comparable homes and just over the Glastonbury line, this reproduction saltbox colonial sits beautifully on the lot. The side entrance leads into a mudroom area and half bath as well as the laundry area. The kitchen, eating area and family room are huge and set off with an oversized brick fireplace. The kitchen has loads of cabinets and counterspace, as well as a pantry closet and new floors. The eating area and family room have wide board wood floors, as does the formal dining room, all in keeping with a reproduction colonial. The formal dining room and living room both have French doors and all of the other doors in the house are 6 panel wood doors. The eating area has atrium doors to an oversized deck.
A beautiful stairway leads to the upper level. The master bedroom is 13x21 and has plenty of space for a sitting area or office area. There is a full bath and walk-in closet. Also on the second floor are two more good sized bedrooms and another full bath.
The two car garage is oversized and has a great storage area and new door openers. On top of the garage is a charming cupola. Installed in 2010 the house has all new energy efficient replacement windows. The exterior of the home was professionally painted in 2009. Other work has been done throughout the house. There is central air and gas heat, as well as an electric fence.
Truly a fantastic home for the price! Must be seen.
If you are considering buying a home that is a short sale, there are some things you should be aware of. First of all a short sale is when a seller owes more money to the bank than they will get from the sale of their home. In this case, you actually negotiate the price and conditions with the present owner, since they still own the home. Then the contract has to go to the bank for approval. There are no guarantess that they will agree. Before that can happen a whole package of information has to be at the bank including 2 or 3 estimates of value of the home, all of the financial information about the seller and more. If the whole package is not there, more than likely the file will go to the bottom of the pile. A seller should have an atty. dealing with the bank or a loss mitigation specialist.
Even if everything is there, it can take a very long time to get an answer. Until the bank has given the okay I personally would not put out any money to do inspections and I would give myself an out in the offer in case you get tired of waiting around for an answer.
If you have the time to wait that is fine, but if you don't, there are no guarantees that the deal will ever be finalized. The worst one I heard was from someone in my office, who had a contract that took a year to close.
I was sent this article and I thought it was worth publicizing, because of so many people being in trouble or struggling to keep up with their mortgage payments. This article will give you the general guidlelines to find out if you are eligible for refinancing your loan.
U.S. DEPARTMENT OF THE TREASURY
March 4, 2009
Making Home Affordable
Summary of Guidelines
Making Home Affordable will offer assistance to as many as 7 to 9 million homeowners, making their
mortgages more affordable and helping to prevent the destructive impact of foreclosures on families,
communities and the national economy.
The Home Affordable Refinance program will be available to 4 to 5 million homeowners who have a
solid payment history on an existing mortgage owned by Fannie Mae or Freddie Mac. Normally, these
borrowers would be unable to refinance because their homes have lost value, pushing their current loanto-
value ratios above 80%. Under the Home Affordable Refinance program, many of them will now be
eligible to refinance their loan to take advantage of today’s lower mortgage rates or to refinance an
adjustable-rate mortgage into a more stable mortgage, such as a 30-year fixed rate loan.
GSE lenders and servicers already have much of the borrower’s information on file, so documentation
requirements are not likely to be burdensome. In addition, in some cases an appraisal will not be
necessary. This flexibility will make the refinance quicker and less costly for both borrowers and lenders.
The Home Affordable Refinance program ends in June 2010.
The Home Affordable Modification program will help up to 3 to 4 million at-risk homeowners avoid
foreclosure by reducing monthly mortgage payments. Working with the banking and credit union
regulators, the FHA, the VA, the USDA and the Federal Housing Finance Agency, the Treasury
Department today announced program guidelines that are expected to become standard industry practice
in pursuing affordable and sustainable mortgage modifications. This program will work in tandem with
an expanded and improved Hope for Homeowners program.
With the information now available, servicers can begin immediately to modify eligible mortgages
under the Modification program so that at-risk borrowers can better afford their payments. The
detailed guidelines (separate document) provide information on the following:
Eligibility and Verification
• Loans originated on or before January 1, 2009.
• First-lien loans on owner-occupied properties with unpaid principal balance up to $729,750.
Higher limits allowed for owner-occupied properties with 2-4 units.
• All borrowers must fully document income, including signed IRS 4506-T, two most recent pay
stubs, and most recent tax return, and must sign an affidavit of financial hardship.
• Property owner occupancy status will be verified through borrower credit report and other
documentation; no investor-owned, vacant, or condemned properties.
• Incentives to lenders and servicers to modify at risk borrowers who have not yet missed payments
when the servicer determines that the borrower is at imminent risk of default.
• Modifications can start from now until December 31, 2012; loans can be modified only once
under the program.
Loan Modification Terms and Procedures
• Participating servicers are required to service all eligible loans under the rules of the program
unless explicitly prohibited by contract; servicers are required to use reasonable efforts to obtain
waivers of limits on participation.
• Participating loan servicers will be required to use a net present value (NPV) test on each loan
that is at risk of imminent default or at least 60 days delinquent. The NPV test will compare the
net present value of cash flows with modification and without modification. If the test is positive
meaning that the net present value of expected cash flow is greater in the modification scenario the servicer must modify absent fraud or a contract prohibition.
• Parameters of the NPV test are spelled out in the guidelines, including acceptable discount rates,
property valuation methodologies, home price appreciation assumptions, foreclosure costs and
timelines, and borrower cure and redefault rate assumptions.
• Servicers will follow a specified sequence of steps in order to reduce the monthly payment to no
more than 31% of gross monthly income (DTI).
• The modification sequence requires first reducing the interest rate (subject to a rate floor of 2%),
then if necessary extending the term or amortization of the loan up to a maximum of 40 years,
and then if necessary forbearing principal. Principal forgiveness or a Hope for Homeowners
refinancing are acceptable alternatives.
• The monthly payment includes principal, interest, taxes, insurance, flood insurance, homeowner’s
association and/or condominium fees. Monthly income includes wages, salary, overtime, fees,
commissions, tips, social security, pensions, and all other income.
• Servicers must enter into the program agreements with Treasury's financial agent on or
before December 31, 2009.
Payments to Servicers, Lenders, and Responsible Borrowers
• The program will share with the lender/investor the cost of reductions in monthly payments from
38% DTI to 31% DTI.
• Servicers that modify loans according to the guidelines will receive an up-front fee of $1,000 for
each modification, plus “pay for success” fees on still-performing loans of $1,000 per year.
• Homeowners who make their payments on time are eligible for up to $1,000 of principal
reduction payments each year for up to five years.
• The program will provide one-time bonus incentive payments of $1,500 to lender/investors and
$500 to servicers for modifications made while a borrower is still current on mortgage payments.
• The program will include incentives for extinguishing second liens on loans modified under this
• No payments will be made under the program to the lender/investor, servicer, or borrower unless
and until the servicer has first entered into the program agreements with Treasury’s financial
• Similar incentives will be paid for Hope for Homeowner refinances.
Transparency and Accountability
• Measures to prevent and detect fraud, such as documentation and audit requirements, will be
central to the program.
• Servicers will be required to collect, maintain and transmit records for verification and
compliance review, including borrower eligibility, underwriting, incentive payments, property
verification, and other documentation.
• Freddie Mac will audit compliance