Home for Sale at 444 Purgatory Lane, Middletown, RI 02842

444 Purgatory Lane
Middletown, RI 02842

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Property Details

List Price:	$5,630,000
Beds:	7
Baths:	8
Status:	Active
SqFt:	5054
Agency:	Gustave White Sotheby's International Realty

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Description/Comments

Lot Size:	--
Property Type:	Residential
Year Built:	2016
Notes:	The epitome of coastal living awaits at this breathtaking water view estate nestled at the end of a private cul-de-sac and boasting panoramic,commanding views of Second Beach, Sachuest Point, and the Ocean.Abutting over 10 acres of pastoral open space, as well as the Fredrick Law Olmsted-designed 125-acre protected grounds of St.Georgeâ€™s School,this uniquely appointed seven en-suite bedroom private retreat provides breathtaking water views and vistas.The property is an idyllic haven for anyone seeking a blend of luxury and coastal charm just steps away from a south facing, mile long beach,Surfers End, featuring great surf and sand.The first floor beach/ocean-facing open plan features a wall of glass, spacious primary suite, additional en-suite bedroom, indoor/outdoor dining living spaces gas fireplaces,including an expansive waterside deck, all designed for beach and ocean entertaining.Four en-suite bedrooms are located on the second floor, with three of them facing beach and ocean, and two with decks.With a town approved permit just issued,a buyer will have the option to install a pool to enhance the unique value of this beachfront oasis.Appointments and finishes throughout speak to the commitment of quality and luxury,while an elevator and two first-floor bedrooms focus on accessibility.With its proximity to the ocean and downtown,it offers both serene surroundings and convenient access to historic Newport Harbor's world class shopping, dining, and entertainment.
MlsNumber:	1357797

Listing Provided By:	Gustave White Sotheby's International Realty, original listing
Name:	Gustave White Sotheby's International Realty
Phone:	(401) 849-3000
Office Name:	Gustave White Sotheby's Realty
Office Phone:	(401) 849-3000
Agent Name:	Dina Karousos/Nicole Lucenti Team
Disclaimer:	Copyright Â© 2024 State Wide MLS of Rhode Island, 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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