Home for Sale at 200 Prospect Street, Windham, CT 06226

200 Prospect Street
Windham, CT 06226

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Property Details

List Price:	$232,000
Beds:	3
Baths:	1
Status:	Active
SqFt:	2790
Agency:	Keller Williams legacy partners

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Description/Comments

Lot Size:	--
Property Type:	Residential
Year Built:	1880
Notes:	A beautiful well maintained 1880s home on the Hills of Willimantic. This home is filled with ample opportunities to raise a family, relocate to the wonderful town of Willimantic or invest in off campus housing for Eastern University students/professors! Become a townie! The house sits high just minutes from campus and all your local shops- which include the COOP, amazing restaurants, malls, the brand new community center with an indoor pool and gym, and the stunning SHABOO stage (where many artists have performed, and festivities have been held). It's easy to spark joy here during THIRD THURSDAYS where you will get the opportunity to try authentic foods and explore the local businesses here in town. Cheer on the 4th of July parade with all the supporters and friendly faces and even kayak down the river on a hot summer day! 200 Prospect Street is a one of a kind historic home that has been immaculately cared for and its clear once you move in you never want to leave! 1880-1935 Dwight Abel lived here and taught piano to anyone who wanted to learn (his piano is still in the house to this day!). 1935-1955 Robert Hinman Mayor of Willimantic. 1955-2024 Clarence and Muriel Hinkley, lifelong residence of town while raising a wonderful family! Clarence built the garage in the backyard with his bare hands! What you can't see in the photos is the half bath, workshop, dry storage and walkout basement! A bonus for additional usable space! A must see! A great opportunity! A gem! A home!
MlsNumber:	24011739

Listing Provided By:	Keller Williams legacy partners, original listing
Name:	Keller Williams legacy partners
Office Name:	KW Legacy Partners
Office Phone:	(860) 313-0700
Agent Name:	Julienne Jaber
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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