Home for Sale at 98 Jelly Mill Road, Guilford, VT 05301

98 Jelly Mill Road
Guilford, VT 05301

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Property Details

List Price:	$350,000
Beds:	2
Baths:	2
Status:	Pending
SqFt:	1190
Agency:	Berkley & Veller Greenwood Country Realtors

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Description/Comments

Lot Size:	77 acre(s)
Property Type:	Residential
Year Built:	1860
Notes:	Nestled along Jelly Mill Road stands the historic Jelly Mill, erected circa 1860 in the aftermath of the Civil War. For over six decades, this enchanting estate has been a seasonal sanctuary for its devoted family, and now, for the first time, it extends its embrace to the public. Set against the backdrop of the murmuring Roaring Brook, the ambiance of this abode is one of serene tranquility, with summer melodies filtering through its windows. Step inside to discover a sprawling open-concept living and dining area, crowned by a soaring cathedral ceiling that lets one breathe. A rustic brick fireplace, installed in the 1960's, adds warmth and character to the space. Climb to the loft via a staircase with an historic past, originating from the Guilford Hotel before its unfortunate demise, where a charming balcony overlooks the rustic country kitchen below. Upstairs, find two snug bedrooms and a bath, completing the cozy retreat. Rich in history, brimming with charm, and exuding a palpable sense of belonging, this Vermont treasure promises an unparalleled experience. On offer is an opportunity to immerse oneself in the essence of this unique property, and to have it in YOUR family for another three generations! Just moments away from the iconic Green River Bridge, its allure is timeless. Being sold with 77+/- acres. An additional gorgeous 8.25+/- acre building lot, including a pond is available for $140,000. This is a special offering.
MlsNumber:	4998110

Listing Provided By:	Berkley & Veller Greenwood Country Realtors, original listing
Name:	Berkley & Veller Greenwood Country Realtors
Phone:	(802) 254-6400
Office Name:	Berkley & Veller Greenwood Country
Office Phone:	(802) 254-6400
Agent Name:	Thom Dahlin
Disclaimer:	Copyright Â© 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.

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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Property Details

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Description/Comments

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HUD Foreclosures

Foreclosure Listings Increasing