Home for Sale at 383 Commercial Street, Portland, ME 04101

383 Commercial Street
Portland, ME 04101

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Property Details

List Price:	$1,975,000
Beds:	3
Baths:	3
Status:	Active
SqFt:	1980
Agency:	Portside Real Estate Group
Agency Phone:	(207) 619-7571

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Description/Comments

Lot Size:	--
Property Type:	Residential
Year Built:	2020
Notes:	Welcome to this stunning 6th-floor condominium in the highly desirable downtown of Portland, Maine, offering breathtaking Casco Bay views and luxurious living. With close to 2000 square feet of space, this home boasts a spacious open layout with high ceilings, creating an airy and inviting atmosphere. Nestled along the picturesque waterfront, this high-end condo offers the ultimate in sophistication and comfort. Wake up from your primary bedroom and gaze out your wall of windows to the panoramic coastal landscapes. Or step out your giant slider doors to views of the serene harbor. And stay there a while on the elevated deck with glass walls or relax in your comfy chaise lounge. <br /> As you enter, you'll appreciate the long hallway that adds a touch of elegance and separates the living spaces from the bedrooms. The spacious and meticulously designed interior seamlessly integrates living, dining, and kitchen areas, creating a perfect space for both relaxation and entertainment. <br /> Craft culinary masterpieces in your chef's kitchen equipped with top-of-the-line stainless steel appliances, quartz countertops, and custom cabinetry. The luxurious primary suite features a spa-like ensuite bathroom with a fully tiled glass shower, dual vanities, and a walk-in closet fit for a fashion connoisseur. Impeccable attention to detail is evident throughout, with wood floors, recessed lighting, and designer fixtures elevating the ambiance.<br /> The centerpiece of this residence is the large private deck, perfect for savoring sunsets over the bay or hosting gatherings with friends and family. Enjoy access to a private fitness center, concierge services, and a rooftop terrace with a BBQ area, perfect for hosting gatherings against the backdrop of stunning sunsets. Hobson's Landing places you within walking distance of Portland's finest dining, shopping, and cultural attractions, making urban convenience and coastal charm your everyday companions.
MlsNumber:	1574218

Listing Provided By:	Portside Real Estate Group, original listing
Name:	Portside Real Estate Group
Phone:	(207) 619-7571
Office Name:	Portside Real Estate Group
Office Phone:	(207) 536-4222
Agent Name:	Sarah Delisle Courtney Sweeton
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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