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July 2012
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Connecting you with your community
A complete guide to homes, rentals and real estate in Central Maine and the surrounding area
LEWISTON COLONIAL
Exceptionally lovely colonial w/Farmer’s Porch built in 2006! 4 Bedrooms, 1.5 Baths. Daylight Basement & Garage. Lovely location. THIS HOME IS MINTMOVE RIGHT IN!! $174,900 NORM 754-6060
LEGACY REALTY Norm & Denise Brouder • 376-4830
AUBURN AFFORDABLE
Auburn- 3 Bedroom, appliances, redone kitchen and bath plus 15 x 20 room over garage. $114,900
ERA WORDEN REALTY Mary Ann • 577-2754
WE’RE ONLINE
www.MaineHomeseller.net
TO ADVERTISE in this booklet call 1-800-482-0759
Just Listed
207-344-3250
195 Center Street Auburn, ME 04210
Reduced
$349,900
$395,000
Just Listed
Lake Street Neighborhood Elegant, meticulously maintained w/fireplaces in LR & master ste. Finished bsmt, screen porch, patios, incredible fenced yard.
Just Listed
Just Listed
$275,000
$175,000
Allen Pond
$779,000
Ranch on 5 Acres Durham Colonial Stunning Waterfront Nice 3-bed ranch w/oak & Corian Mahogany floors, cathedral 6-bed, 3.5 bath w/granite kitchen, stone fp, new carpet kitchen, 1st fl master ste, ceilings & lovely views, plus formal living & dining. Fam. rm. & bsmt fam. rm. Fenced yard & superb kitchen, indoor pool & garage/workshop for 6+ cars. Patio, workshop, 4-car garage! top-notch systems.
Double Lot
$375,000
Reduced
$150,000
Bear Pond Camp Private Cul-de-Sac Setting Enjoy 100’ of waterfront in Stately Colonial features lovely this furnished 2-bedroom getinterior, lighted tennis court, away. Dock included! screen porch, fin. walk-out baseCall Marnie DuBois 312-2125 ment. Extra buildable lot!
Just Listed
$125,000
W. Auburn
$225,000
Impeccably Maintained Adorable Cape Sunny 3-bed w/charming arched Formal dining & living, 2 fps, entries, wood floors & stone fp. spacious eat-in kitchen & fam. room. Patio & beautifully landFormal dining, 1st fl master. scaped. New boiler, too! New counters. Nat. gas heat.
Reduced
$300,000
Reduced
$275,000
Reduced
$275,000
Just Listed
$225,000
Custom Kitchen Spacious raised ranch features granite/stainless kitchen, fam. rm w/fireplace & wet bar. Heated pool!
Reduced
$240,000
Beautiful Countryside Gentleman’s Farm Well-kept house & barn on 9+ Open-concept w/cathedral ceilacres. Farmhouse w/charming ings, balcony & deck w/view. Cherry cabinets & Tulikivi kitchen, 4 beds, huge studio, stove. Peaceful setting. covered porch. Workshop, too!
Reduced
$169,500
Reduced
$170,000
Country Living Near Town Newly Renovated in Rumford Three-bed w/tin ceilings, hw Spacious 4-bed home has new floors, 3-season sunrm, two 2- roof, oil tank, Buderus boiler, car garages, 4+ country acres windows & siding. Gas stove, & stone fences. Take a look! all appl., & wired for generator!
Minot
$349,000
Unique Contemporary Bates College Classic Looking for an Update! Open-concept w/birch & maple New deck, boiler & more updates Antique Cape & barn on 10 in this 1890 Greek Revival near acres. 6 beds, 3 baths, library, kitchen, fireplace, 1st fl master ste w/whirlpool bath. Nicely Bates. Big modern kitchen, 3 screen porch. Same family for fps, screen porch & more! generations. Minutes to town! landscaped, extra garage w/lift!
2
$285,000
Raised Ranch in Gray Gorgeous kitchen, 1st fl master ste, cathedral ceilings. Fin. bsmt, deck & energy efficient! Call Marnie DuBois 312-2125
Poland Contemporary Stylish home w/cathedral ceilings & picture windows. Custom tile/granite kitchen, fp, deck & landscaped yard. Great location.
Just Listed
$275,000
32 Spectacular Acres Lisbon contemporary boasts new granite counters, master ste w/balcony. Fam. rm, patio, 4-car+ parking. Outbuild. w/workshop.
Real Estate Review
2-Unit
$139,000
Owner-Occupy or Investment Nice building w/sunny 2- and 3-bed units, hw floors & front porches. Newer windows, Buderus boiler, rubberized roof.
July 2012
681 Sabattus Street, Lewiston
Broker/Owner
Norm & Denise Brodeur (207) 376-4830
BE MORTGAGE FREE!
FINISHED BASEMENT!
NEW PRICE!
LET SEPARATE APT. PAY YOUR MORTGAGE! Gracious home w/updated kitchen w/SS Jenn-air appliances. DR, Great RM., + apt. above 3 car gar. built in 1994! Well-manicured lot + in- ground pool. $274,900 MLS #1033741 NORM 754-6060
Open-concept ranch home w/cherry kitchen cabinets, FP in LR., DR, 1st fl. laundry rm., 2 Full Baths. Finished daylight basement all overlooking beautiful in-ground 'HEATED' pool! $184,900 MLS #1052957 NORM 754-6060
Well-maintained ranch w/many updates. Newly insulated, new heating system. 3 BDRMS & move-in condition!
NEW LISTING!
'CAR ENTHUSIAST'
DUPLEX ON 3.6 ACRES!
Almost new! Home on 1.75 acres! Gorgeous HDWD flrs., fully-applianced kitchen, GRANITE counters! 2 full BA. Daylight basement, easy to finish! Wrap-around deck & 2 car gar. $159,900 MLS #1056758 NORM 754-6060
Store up to 8 vehicles w/ this beautiful +-3,496 sq.ft. contemporarycape! 4BDRMS,2BA.,SSappliances, Corian counters in kitchen. Four season room. All on a 1.5 Acre Lot! LOCATION! LOCATION! $227,500 MLS #1026213 NORM 754-6060
Built in 1995, Duplex-style 2 family w/ finished walk-out basement & large deck + 2 BDRMS & 1.5 BA in owners unit! Rental unit w/2 BDRMS. & unfinished basement. New leach field! $165,000 MLS #1053113 NORM 754-6060
LegacyRealty@Legacy-Realty.net
Dodie 423-4486
Laura 333-2321
Josh 240-9266
Tracie 577-7937 Brian 713-1618
Diane 754-5200
Gloria 418-7568
MLS #1041434 DIANE 754-5200
Great News for Buyers and Sellers! Interest rates remain at historically low levels; buyers have a tremendous opportunity to purchase a home and sellers are finding that there are lots of qualified buyers searching for a home like theirs. Proper pricing remains a key for sellers – speak with a Realtor® familiar with your area to obtain the best information on setting a realistic price right up front. Houses are selling; and the well priced house is selling faster than those that try to “push” the upper limits, thinking “a buyer can always make an offer if they like the place”. That may be true, but if the price is set too high the buyer may not see it in their search, as it may be above their search limit. For sellers and buyers considering a short sale there is news just out in the Wall Street Journal stating that lenders with mortgages backed by Fannie Mae and Freddie Mac will need to make a decision within 30-60 days. That is GREAT NEWS! Unsure of whether you are really in a position to buy? Getting pre-qualified is an important step in the home buying process for several reasons: First, it will help in deciding how much you can realistically afford, Second it will assist your Realtor® in setting up properties within your budget, and Third, it will be helpful when you make an offer to show that you have begun the loan process which will encourage the seller as they will know you are a serious buyer.
July 2012
~ From Androscoggin Valley Board of Realtors® Real Estate Review
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REALTOR of the Year 2012 速
Androscoggin Valley Board of REALTORS速
Harriet Cummings
Harriet has been active in real estate since 1996 as a result of seeking a better understanding of dealing with real estate. She took a sales agents course and was encouraged to obtain a license. Originally working in the Orono area for her first eight years, Harriet followed her children to Auburn, signing on with ERA Worden. She has been associated with The Fontaine Team The Real Estate Leader for the last 2 1/2 years. Her real estate commitment includes having served on the Board of Directors of AVBOR as well as a term as President. She has also served on the scholarship committee and is currently co-chair of the Affordable Housing Golf Tournament Committee. Three years ago, at the urging of her daughter, she had a routine physical which indicated the presence of breast cancer. She credits a great surgeon and several trips to the radiation center, and as a result is now 3 years cancer free. Harriet, in her support of cancer research, has participated in The Relay for Life walks, as well as her involvement in The Dempsey Challenge every year since inception. Most recently, she volunteered her time (and back muscles I might add) in the Rebuilding Together L/A yearly day of service project. She has two children, both married, Joel and Michelle Cummings and Lori and David Gile, two grand daughters, Kayla and Jordan, all of whom keep her quite busy with all their activities. I would be remiss if I failed to mention her two grand dogs Fenway and Yawkey!
Congratulations Harriet from the Androscoggin Valley Board of REALTORS速! Real Estate Review
July 2012
T ER R Y H EWITT
BELANGER REALTY Visit: www.TerryHewitt.com
Terry Hewitt
for ALL current listings in Maine
998-4516 Ext. 203 Cell: 207-240-9196 EMAIL: RealEstateWithTerryHewitt@gmail.com
THOMPSON LAKE
This East Shore 4-season cottage on pristine Thompson Lake offers expansive water views, lots of privacy, level lot, sandy beach, open floor plan, 1.5 baths, huge wrap-around deck, 1 car garage. Short sale, motivated seller. $337,600
OXFORD CAPE WITH APARTMENT
This newly renovated Cape offers an in-law apartment, wood and tile floors, custom kitchen with granite countertops, 3 baths, wood stove, large deck, tons of space, all on a wonderful lot. EVERYTHING IS NEW!! $244,900
THOMPSON LAKE 17 ACRES
ONE OF A KIND! This property offers 685+/- waterfront, 17 acres of land, sandy beach, 3 bedroom, 2 bath year-round lakefront Cottage, 2-car garage, large deck and more land available. $699,000
THOMPSON LAKE
2 car garage with guest quarters on Pristine Thompson Lake. 8.3 acres of peace and serenity. 200 feet of deep wate frontage. 2 huge decks, fieldstone fireplace, tar drive, outbuilding, and much more. A must see! $399,000
Real Estate with a diff different erent point of view...Yours!
RANGE POND POLAND
This gorgeous new home offers 200 ft. of sandy frontage on Middle Range Pond, spectacular sunsets, 2 car plus storage under, open concept, custom kitchen with granite counter tops, sunroom, decks, 2 woodstoves, 2.5 baths. Lots of windows and much more. $575,000
WHITNEY POND
This classic Maine Cottage on Whitney Pond offers 4 bedrooms, large deck, wonderful water views, sandy bottom for great swimming, woodstove, wood floors, year round access, large lot and much more! $225,000
THOMPSON LAKE BEAUTY
Gorgeous year-round home offers wood & tile floors, stone fireplace, 3 or 4 bedrooms, HUGE custom kitchen and dining area, large master suite, 2 full baths, expansive water views, patio and deck area, tar drive, sandy waterfront on pristine Thompson Lake. $375,000
WHITNEY POND
This Wonderful year-round Post and Beam home on Whitney Pond offers screened porch, deck, 3 wood stoves, wood & tile floors, 2 baths, cathedral ceilings, exposed beams, 1st floor master, tar drive, huge garage, plus much more! $300,000
THOMPSON LAKE & THE HEATH
Fish, boat, swim, enjoy this year round home with 2.4 acres and 200ft of owned waterfront on the Heath, plus 147 ft of shared waterfront & dock on Thompson Lake. Home is finished in pine with cathedral ceilings, exposed beams, 2 baths,3br,wrap around deck & balcony $219,000
MECHANIC FALLS
One of a kind!! This tastefully restored Farmhouse offers, wood and tile floors, custom kitchen, radiant heat, workshop, oversized garage, cathedral ceilings, loft, huge master bedroom, pool, covered porch, 4 bedrooms and much more. $225,000
THOMPSON LAKE CONDO
This quality home sits at wate’s edge and offers custom kitchen with granite, fireplace, huge deck, sunroom, wood & tile floors. Maintenance-free living on 86 acres, tennis and BBall courts, sandy beach, docks and boat moorings. $300,000
THOMPSON LAKE
This quality built, immaculate, year-round home with expansive Thompson Lake & Mt. views from almost every room offers 4 large bedrooms, open floor, cathedral ceilings, 420 feet of waterfront, 2 dock systems, HUGE garage. $475,000
Visit: www.TerryHewitt.com for ALL current listings in Maine
July 2012
Real Estate Review
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Invest In Your Future! Buy a House Today!
Real Estate Review
July 2012
July 2012
Shopping for a Maine home is simple at
Real Estate Review
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Ann Parker
This Land is Your Land... AL ST
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LL S WA RIE CK NDA O R OU B
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BROKER/REALTOR
Gorgeous water views from atop the hill on over 65 acres. What an opportunity to be part of a wonderful oceanfront community. Here is your chance to invest and live in coastal Maine. $99,000
ADVANTAGE 506 Main Street Lewiston, ME 04240 Cell: 754-7809
S RE Y AC AC 26 PRIV
Beautiful 6 acre parcel with approximately 800 feet of road frontage. All ready to build on. Mobiles and Modulars allowed. Nicely wooded and private. More land available. $56,000
60
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Direct line:
783-8115 Ext. 225 Email: amjparker@yahoo.com Over 26 acres with privacy and convenience. Zoned partly Ag. Resource and partly residential. Buildable in the residential zone. Broken out of a larger parcel and recently surveyed. Call for map and details. $49,000.
L CIA TY ER UNI M M RT CO PPO O
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P ICE CA PR E W ABL E N RD FO AF
Better than new- customized with stainless steel appliances, fireplace, formal dining and master suite! Includes nearly 2 acres with garage, shed and small barn. Deep yard with fire pit and so much more!! First time offered! $159,000
Wonderful cape in quiet desirable neighborhood. Three bedrooms, garage and nice back yard. Mudroom and enclosed porch add to the living space. Plenty of storage and economical to maintain. A Great opportunity to get something beautiful and affordable. $107,000
D AR E Y END T IVA D PR DEA
SRE KE AC R LA 6 1 EA N
Hiking trails to the lake with open fields and woods. Your piece of paradise in this spacious farmhouse with full in-law apartment, barn and over 16 acres, all within minutes of town. Two porches, rear deck and extremely private. Ideal soils for farming. $259,000
Bob Brickel 650-8209
P RS
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Wonderfully updated & well maintained cape in terrific location close to college, hospitals, schools & shopping. Hardwood & tile flooring. Huge deck to private backyard. Three bedrooms, family room in basement. New furnace. Ready for immediate occupancy. $149,900
IT UN
2-
Immaculate 2 bedroom home. Nearly maintenance free. 2 car garage, vinyl siding, enclosed porch. Great central location with many upgrades. $107,900
ADVANTAGE
Former electricians shop with so many possibilities. Large overhead garage door for truck access and storage. Office space and mostly warehouse-type areas. Great for plumbers, contractors, and electricians etc. Convenient location and priced to go!! $29,000
OR
Spectacular four bedroom cape in desired neighborhood. New custom kitchen w/ corian & gorgeous cabinets. Hardwood & tile flooring throughout. Formal dining w/ sliders to huge private yard surrounded by trees. First floor den/office, porch and garage. $164,900
ED T ISH EN FINASEM B
Approximately 60 Acres with development potential. About 1200 feet of road frontage on both Rabbit Road and Bowdoinham Road. Some clearings and beautiful wooded areas. Still more land available or make an offer on what you want. Creative sellers. $249,000
Lovely multi family home with three bedrooms in each unit. Well maintained with lovely character, tin ceilings and some wood floors. $142,900
ND
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3.3 Acres on Taylor Pond. Soil tested, Surveyed, Phosphorus test complete. Lovely buildable lot w/115' of water frontage on Taylor Pond. $169,900
506 Main Street, Lewiston, ME 04240 Real Estate Review
July 2012
• WWW.TEAMLITALIEN.COM
SMARTER. BOLDER. FASTER.
Roy L’Italien
Laura RoyMichael Drinkwater Violette L’Italien
John Sullivan
TL
Angie White,
Broker/Owner 782-2121
Team L’Italien
754-6789
AWESOME 2009 COLONIAL!
GORGEOUS 2004 CONTEMPORARY!
AWESOME 2006 CAPE!
Turner beauty on 2 acres! 2 car garage, plus oversized heated 3-car garage, landscaping, mtn views, in-ground pool, awesome kitchen with cherry cabinets, tile, corian & ss appliances, open concept, cathedral ceiling, master suite. #1030514 ONLY $260,000! Laura 212-8633
Awesome *2009 *custom built Colonial in Auburn near country club & turnpike. Offers approximately 3,000 sq. ft., *5 bedrooms, 3 baths*, open concept, master suite, gorgeous granite counters & hardwood floors, 1stfloor laundry, porch & 2 car garage. #1052073. *Only $269,900!* Call Laura at 212-8633
Beautiful *2004 *Contemporary in Lewiston. Features 2 car attached heated garage, deck, patio, gorgeous hardwood & tile, fireplace, formal dining, central vac, *huge *bonus room above garage & more. #1051929. Only $227,500! Roy 754-6789
Gorgeous 2006 Cape in Mechanic Falls. Features 4 bedrooms, 3 baths, 2.6 acres, 2 car garage, pool, deck, large rooms, formal dining room, hardwood floors & awesome kitchen w/ SS appliances! #1042915 Only $185,000! Call laura at 212-8633
RIVER FRONT!
NEW LISTING!
62+ PRIVATE ACRES!
Gorgeous Colonial in Auburn. Features 4 car garage, deck w/ hot tub, 1 acre, hardwood & marble, huge bonus room, skylights, fireplace, security system, master suite & more! #1044253 ONLY $250,000! Laura 212-8633
Cute river front property in Auburn. Features hardwood floors, upd kitchen, formal dining, built-ins, deck, fenced in back yard & awesome water views!! #1049302 ONLY $95,000! Laura 212.8633
Cape in Lewiston. Motivated sellers for this 2/3 bedroom cape in great neighborhood. Has big yard, attached garage, workshop, sun porch & newer furnace. ONLY $99,900! John 754.9492
Rustic Cape in Turner. 62+ private acres, farmer’s porch, 2-car garage, carriage house, landscaping, trails, pistol range, master suite, 4 bedrooms, 4 baths, generator, finished basement w/ WWII bombers bar. #1031086 *Price reduced to $259,900!*. Laura 212-8633
NEW LISTING!
5 BEDROOMS!
MOVE IN READY!
NEW LISTING!
Awesome Ranch in Sabattus. Features 3 bedrooms, new roof, windows, doors, paint flooring and more! Partially finished basement and attached heated garage! ONLY $149,900! Call Laura 212-8633
Spacious Gambrel in Lewiston. Features 5 bedrooms, new furnace, pellet stove, double living room, hardwood, garage, nice back yard & more! #1044942 ONLY $155,000! Call John at 754.9492
Awesome Colonial in Lewiston. Features nice yard, porch, 4 bedrooms, new pellet stove, formal dining & ½ finished basement. #1050365 ONLY $122,500! Roy 754.6789
Well kept fully rented 3 unit in Lewiston. Features 3 car garage, ample parking, nice yard, laundry hook-ups, porches & newer furnace. ONLY $119,900! Roy 754.6789
NEW LISTING!
LOTS OF CHARM!
MOVE-IN READY!
GORGEOUS MULTI!
Cute Ranch in Mechanic Falls. Features 2 car attached garage with breezeway, river views, patio, shed, nice yard & some updates done. #1042935 Only $110,000! Call Laura at 212-8633
Cute & Cozy Cape in Paris. Metal roof, vinyl windows, garage, huge storage shed, fenced-in back yard, updated kitchen & bath, 3 bedrooms, porch & more! Low heating costs! #994601 PRICE REDUCED TO $107,900! Laura 212-8633
Gorgeous Cape in Mechanic Falls. Features fenced in yard, garage, farmer’s porch, new furnace, new vinyl siding, new metal roof, hardwood, 3 season porch & more! Move in ready! #1046719 ONLY $119,900! Roy 754.6789
Multi in Lewiston. Features 2 bedrooms in each unit, updated plumbing & electrical, 2005 roof shingles, some vinyl windows, hardwood floors, laundry hook-ups & more! #969446 REDUCED TO $89,900! Call John at 754-9492
VERY NICE MOBILE!
RANCH IN GREENE!
MOVE IN READY!
WATERFRONT!
Gorgeous Mobile in Paris! Features deck, 2 baths, shed, new flooring, ss appliances, master suite & more! Move in ready! REDUCED TO $68,900! #1025104 Laura 212-8633
Gorgeous Ranch in Greene. Features ½ acre, patio, landscaping, 3 bedrooms, 1.5 baths & ½ finished basement. Also offers newer furnace, shingles, septic & leach field. #1046223 ONLY $134,900! John 754.9492
Gorgeous Ranch in Lewiston! Features .48 acres, huge back yard, garage & more! #1039297 ONLY $100,900! Mike 212-3684
Awesome 4 season camp in Greene. Features 160’ owned wf on Sabattus Lake, gorgeous views, updated kitchen, new ¾ bath, new flooring, new interior paint, huge living room w/ fireplace & more! #1039659 ONLY $164,900! Roy 754.6789
4 CAR GARAGE!
• WWW.TEAMLITALIEN.COM
TURNER BEAUTY!
WWW.TEAMLITALIEN.COM
WWW.TEAMLITALIEN.COM
CENTURY 21. REAL ESTATE FOR YOUR WORLD.
Century Century 21 AdvantaRoy 21 Advantage 754-6789ge • 506 Main • 506Street, Main Street, Lewiston Lewiston
July 2012
Real Estate Review
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WANTS VERSUS NEEDS Before you begin house hunting, create a realistic "shopping list" to narrow your search and give you an overview of different properties. Looking for a home can take time, especially if you have not focused on what is most important. Create a "wish list" and a "must have" list. Many people focus more on "wants" than "needs." As a result, they sometimes reject homes that perfectly meet their needs in search of homes that meet their wants. That's not to say that you shouldn't try to get what you want – you should just be able to tell the difference between what you really need and what you would like to have. The following is a chart to help guide you in your search: !"#$ %&'(#)*+)
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Additional Notes:
Real Estate Review
July 2012
Worden Realty
ERA 784-0159
473 Center Street • Auburn, Maine 04210 www.eraworden.com • mailroom@eraworden.com
“Celebrate July 4th!”
D RE
ED UC
D RE
Fairview Area BANK WILL FINANCE! 1040859. 3 bedroom, first floor laundry, 1.5 baths, bank will finance 100% for buyer. $109,900 Call Mary Ann 577-2754
Mary Ann Norcross 577-2754
D RE
1047247. A 3 bedroom, 2 bath with sunroom, new windows, new roof and new furnace plus woodstove. $138,000 Call Mary Ann 577-2754
Sheila Delamater 212-7405
Roxbury Pond 1027510. 100’ owned sandy beach! 3 bedroom, insulated, heated Camp with 20x20 screen porch. A rare gem. $324,900 Call Sheila 211-7405
Tim Worden Broker/Owner
ED UC
Auburn 1041793. 3 bedroom, appliances, redone kitchen and bath plus 15 x 20 room over garage. $114,900 Call Mary Ann 577-2754
ED UC
Auburn 1032562. 3 bedroom, 2 bath has applianced kitchen with eat-at bar, family room, plus deck and pool. Broker owner property. $135,000 Call Maryann 577-2754
D RE
ED UC
Auburn 1001262. 4 bedroom has gated patio, fenced yard and flower gardens. $139,900 Call Mary Ann 577-2754
1054038. Cape has private yard with deck plus 2 baths, family room, pellet stove, all appliances. $149,900 Call MaryAnn 577-2754
Mexico 999558. Renovated Farmhouse/ Duplex. Barn, 2 story shed, 1.15 acre, hardwood floors. Pristine. Reduced to $119,900 Call Sheila 212-7405
Worthley Pond 1039358. 170’ frontage on Worthley Pond. A year round 1989 Saltbox 3 bedroom home. Tons of glass, great views, skylights, cathedral ceiling, .92 acre. $269,000 Call Sheila 212-7405
Worthley Pond 1027249. 7 room, 4 bedroom Cape with 30 acres and 95’water frontage . 4 car (2 bays heated) with overhead apartment. Call for list of amenities. $384,900
Peru 1026903. Rustic 2006 home. 3 bedrooms, wrap around porch, custom. Fieldstone fireplace, 24 acres. $269,000 Call Sheila 212-7405
1020706. Windswept Manor perched high on Rte. 2 in Rumford. 11 rooms, too many amenities to mention. $225,000 Call Sheila 212-7405
Roxbury Pond 1051078. 5.9 acres, log cabin and 2 bay garage off the grid. Gorgeous year-round retreat or great hunting camp. $59,900 Call Sheila 212-7405
1027089. A 3-4 bedroom in Fairview area at end of street. Has 2 baths, family room, new windows, deck and more. $159,000 Call Mary Ann 577-2754
Please welcome to our
ERA Worden Team: LINDA TAYLOR 212-6972
View ALL MAINE LISTINGS at:
July 2012
www.eraworden.com
Real Estate Review
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HOW MUCH CAN I AFFORD TO SPEND? For a general idea of your buying power, multiply your annual gross income by 2½. For example, if you had a household income of $50,000, you might be able to qualify for a $125,000 home. The actual number may be more or less, depending upon your individual situation, debts and credit history. You need to decide for yourself if you can live comfortably with the amount of your suggested monthly mortgage payment. However, mortgage lenders generally use two ratios to help determine how much you can afford to spend each month on your mortgage payment.
HOUSING EXPENSE RATIO As a general guide your monthly mortgage payment should be less than or equal to a percentage of your income, usually about a quarter of your gross monthly income. The percentage can change depending on the type of mortgage you choose. However, there are mortgage products available that focus solely on the debt-to-income ratio. Your lender can provide more information on these types of mortgage products.
DEBT-TO-INCOME Debt-to-Income Ratio is the percentage of gross monthly income that goes toward paying for your monthly housing expense, installment debts, alimony, child support, car payments, and payments on revolving or open-ended accounts such as credit cards. Your buying power can be affected by factors such as your income, debt and credit history. Your debt, such as credit card bills and car loans, and other expenses such as housing expenses, alimony and child support, should not be more than about 30-40% of your gross income.
Some helpful hints... ! Set a budget with your estimated mortgage payment. Make sure to include taxes and insurance in your estimated payments. ! Remember your housing budget should include utility costs and a set amount for future home maintenance and repair costs. ! Make sure you can meet your other financial goals, such as saving for retirement and paying for college tuition. ! Once you review your finances, select a mortgage amount that allows you to reasonably meet your long-term goals and needs.
Real Estate Review
July 2012
When You REALLY Want TO SELL OR BUY
Call (207) 782-2209
Serving the Central Maine area for over 30 Years www.JerryDouglassRealty.com • www.JerryDouglassRealty.com • www.JerryDouglassRealty.com
Poland
One floor living! Offers 4 bedrooms, family room with gas fireplace & central air. Master bedroom has full bath & office. 6.5+/- Acres. $139,000 Call Jerry
Auburn
1st flr bedroom, 1st flr laundry, 4 season sun room & screened porch off kitchen. Finished room upstairs could be extra bedroom.Walk out basement. Attractive lot, last home on street. $85,000 Call Bethany
Sabattus
4 bedrooms, 4 baths & 1st floor laundry. Family room with fireplace, office, jr. office, security system & 2 car garage. Attractive 1 acre lot. $269,900 Call Jerry
RICHMOND 21 Acres 1,333’ Road Frontage Surveyed & Soil Tested $52,000 Fully Occupied
6 Unit Multi-Family. Ample, paved parking area. 100% Occupied with long term tenants. Building is in excellent condition must see to appreciate! Located near Route 4. $190,000 Call Jerry
Lewiston
Intown Cape with gourmet stove, updates & nice backyard. Affordable plus low taxes! Convenient to hospitals & turnpike. Priced to move $48,000 Call Jerry
11+ Acres Surveyed & Soil Tested $40,000 Call Jerry
Poland
Energy efficient home boasting GEOTHERMAL system! Family room w/ fireplace, office, 1st flr laundry, Trex deck & porch. Freshly painted inside & out. Attached garage & lg detached garage. Minutes from Thompson Lake Marina! Call Bethany
BATH Attractive, elevated .32+/acre home lot in Bath. Offers privacy & opportunity for water view. Located minutes from public boat launch, downtown restaurants & theatre. $35,000 Call Bethany
www.JerryDouglassRealty.com • www.JerryDouglassRealty.com • www.JerryDouglassRealty.com
July 2012
www.JerryDouglassRealty.com • www.JerryDouglassRealty.com • www.JerryDouglassRealty.com
www.JerryDouglassRealty.com • www.JerryDouglassRealty.com • www.JerryDouglassRealty.com
www.JerryDouglassRealty.com • www.JerryDouglassRealty.com • www.JerryDouglassRealty.com
How To Buy A Pre-Owned Home • Be sure to get your credit score before you shop for a house. • Just because you’re approved for $200,000 does not mean you have that much to spend. • Don’t buy a house in a rush.
Real Estate Review
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PREAPPROVAL If you think homeownership is for you, getting pre-approved for a mortgage is a good idea. This determines the size of the mortgage you qualify for, and therefore, decides the price range for the homes you can look at. Pre-approval helps you to: â&#x20AC;˘ Know how much you can borrow. â&#x20AC;˘ Confirm your ability to qualify for a mortgage based on your credit, financial and employment information. â&#x20AC;˘ Strengthen your position to make an offer on a house. A seller will be more willing to accept an offer if the buyer is pre-approved. To become pre-approved, you'll need to work with a mortgage lender. The mortgage lender will review your credit history, earnings information, employment history and assets. You will need to provide certain documents to the lender to verify this information. After the review, the lender will give you a "pre-approval letter." The pre-approval letter tells home sellers that you have the ability to qualify for a certain mortgage amount. A pre-approval letter tells home sellers that you have the ability to qualify for a mortgage. Getting pre-approved is not the same thing as getting pre-qualified. Pre-qualification simply states that the borrower qualifies for a loan based on some preliminary questions but does not commit the mortgage lender to approve the mortgage. The mortgage lender will still have to conduct a complete review of your financial situation, including your credit report and your income and employment history. The pre-approval process is more thorough. The lender does most of the work for full approval except for an appraisal and title search because there is no property identified to buy. Real Estate Review
July 2012
NEW GLOUCESTER Move in condition! New white kit, pine flooring, 3 bdrm, brick hearth w/ wood stove, new roof, windows, siding. Qualifies for RD & FHA! MLS #1048734.
$175,000.
SABATTUS Large split w/ 3 bdrm, 1.5 BA, family rm, new windows, roof & siding. Pretty sunroom w/ large deck. 2 car garage on .85 ac. MLS #1038310.
Become the homeowner you always dreamed of being!
$155,000.
970 Baxter Boulevard Portland, Maine Go to www.mainehomesearch.com for more info and pictures.
Dawn Belisle-Marston • office - 553-7318 • cell - 939-2827
ARE YOU LOOKING TO...
Buy a New Home?
Refinance an existing Home?
At Rainbow, “We are here for you!” Let us see what we can do for you. Call for a mortgage appointment or apply online!
4 conveniently located branches to better serve YOU! Rainbow FCU Main Office 381-391 Main St. Lewiston 784-5435 784-5453
July 2012
Mechanic Falls Branch Auburn Office South Paris Branch 20 Washington St., Auburn 1 Lewiston Street, McFalls 172 Pine Street, So. Paris 207-783-0351 346-3001 207-883-0351 743-5410
Federally insured by NCUA Real Estate Review
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$33,000
D L O S
Recently professionally renovated. 1992 Burlington. Located in one of Central Maine’s finer communities. 3 bedrooms, 1 3/4 baths, large living area, 16’ wide home.
$84,900
New 28x52 Marlette, Hearthside, 3 bedrooms, 2 baths, all sheetrock, 5/12 residential roof pitch, gas fireplace with flat screen TV, oak cabinets, dishwasher, disposal, refrigerator, stove, built-in oven, 8x12 deck. Room for single car garage and many other options and upgrades. Setup and waiting for you at Fox Run Residential Community.
$49,900
New 14x64 Marlette, 2 bedrooms, 2 baths, fully applianced including dishwasher and disposal. Oak cabinets, many extras! Includes complete setup with front porch and deck. To be setup at Fox Run Residential Community.
$79,900
$35,000
New Marlette, 24x52 Pendant all-drywall home. 3 bedrooms, 2 baths, fully applianced including dishwasher and disposal. Oak cabinets, fully loaded. Includes complete setup at Fox Run Residential Community.
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2000 Marlette by Shult, Smart Buy 1, 3 bedrooms, 2 baths, located in one of Central Maine’s finer communities.
1286 Sabattus Street, Lewiston
www.foxrunhomes.com A Clayton Five Star Customer Service Award recipient given for consistently achieving the highest levels of customer satisfaction! Real Estate Review
July 2012