Home for Sale at 971 Fairfield Beach Road, Fairfield, CT 06824

971 Fairfield Beach Road
Fairfield, CT 06824

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Property Details

List Price:	$2,745,000
Beds:	3
Baths:	5
Status:	Active
SqFt:	2939
Agency:	William Pitt Sotheby's International Realty

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Description/Comments

Lot Size:	--
Property Type:	Residential
Year Built:	1928
Notes:	Captivating panoramic views of Long Island Sound and the historic Penfield Lighthouse are the focal points of this dramatic direct waterfront home on the sandy shores of Fairfield Beach. Sunlight abounds throughout the spacious open floor plan creating the perfect ambience for relaxation and entertaining. The chef worthy kitchen features a large island and breakfast area complementing the breakfast bar which offers an inviting space for gathering friends & family. The adjacent den/office with dry bar & wine chiller provides for quiet enjoyment. A spacious pantry/mudroom/laundry room with a half bath features immediate access to the outdoor shower and the beach beyond. The formal Dining area flows into the sun-filled Great Room accentuated by a stone fireplace, beams and double walls of windows. Double sliders from the great room offer a seamless transition to the outdoor living spaces. A deck overlooking the private patio is framed with essential seagrass above the seawall is enhanced with stunning custom lighting, creating the perfect oasis for year round enjoyment at the water's edge. Gated steps provide convenient access to the beach. The primary bedroom boasts dual decks with sliders providing unobstructed water views, a luxurious bath, dressing room and walk-in closet. Two additional bedrooms complete the upper level, including a totally private guest bedroom with full bath over the attached two car garage which is accessed by separate stairs from the front Foyer.
MlsNumber:	24008551

Listing Provided By:	William Pitt Sotheby's International Realty, original listing
Name:	William Pitt Sotheby's International Realty
Office Name:	William Pitt Sotheby's Int'l
Office Phone:	(203) 255-9900
Agent Name:	Ginny Fingelly
Disclaimer:	Copyright Â© 2024 SmartMLS, 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.

USHUD.com is a private company not affiliated or associated with or endorsed, authorized, approved, sponsored
or licensed by the US Department of Housing and Urban Development

USHUD.com is an Equal Housing Opportunity

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