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492 Dry Run Rd
Pine City, NY 14871
$788,000
Conventional
Property
Bedroom
5
Bathroom
5
Property Type
Conventional
Square ft
4744
Property Description
Welcome to Heartwood. A one-of-a-kind estate centered around an ethic of care and conservation. A place of peace, the property is basked in light bringing radiance and joy to the custom-designed multi-story home and accompanying acreage. Designed to bring resilience and warmth to the bodies and minds of those who reside here, the versatile layout juxtaposes the relationship between the home and land, with therapeutic tranquility only nature can provide. Private and provincial, the location takes you into the respite of the country without sacrificing the conveniences provided by nearby Elmira, Corning and Horseheads, NY - including shopping, dining, employment, educational institutions, healthcare, a regional airport, and more. Majestic and versatile the home occupies three levels totaling approximately 7,000 sqft of beautifully-finished and well-maintained space. Strong in design, the unique and adaptable residence features two distinctly separate living areas, and an additional flexible finished space below grade, that could serve under a multitude of purposes, including an office or additional living quarters. The site was custom-curated by its current owners as a nucleus for family and friends to unite and share in a bright, inviting location that's truly one-of-a-kind. Flowing spaces, large windows, and a flexible concept bring functionality to the max. Five spacious bedrooms, five bathrooms, dual open kitchens, dual laundry rooms, multiple flexible-use rooms and other common areas, the living space(s) are vivid in design, and provide a strong opportunity for those who can see the potential contained within the adaptable blueprint. Additional stand-out features include two showcase-worthy, custom-designed Tulikivi soapstone fireplaces on the main floor, a beautiful sun-drenched porch with panoramic southwest-facing views, 3.5-car garage with a finished space above, and several outbuildings. Extensive mechanicals were designed to allow level to have its own climate control, abundant hot water, and a number of additional virtues that raise the potential of an Airbnb, Bed & Breakfast, multi-family living situation or other business or personal living prospects. A whole-house back-up generator, Spectrum high-speed internet and good cell phone service punctuate the utility of the space. All equal a property that "has it all". Standing in overwatch of nearly 60 graceful acres the broad-reaching landscape is a patchwork of possibility underscored by majestic beauty sure to settle the spirit. The mosaic of open space features tillable fields, brushy habitat, piercing-tall trees and a pond that typify a serene landscape where one can expand their mind, and catch their breath. Bright and brilliant, the south -facing aspect experiences the warmth of the sun's embrace year-round with breathtaking views. Wildlife is abundant with white-tailed deer, turkey and small game taking up "permanent" residence. Among the forested stand is a mix of hard and soft wood tree species which have not seen a saw blade for decades. Approximately 30 acres of open fields are well-suited for various crops including hay, corn and soy beans. The pond offers a multitude of uses including fishing, floating and swimming among its clear waters. The captivating concept of this rare find is second to none with an essence that can only be cultivated through experience. A place to set roots, grow and prosper, Heartwood's quiet embrace is one to admonish in revelry of its unique character, personality and draw where people come relax, rejuvenate and reconnect. Sellers request not to pull into the drive way, or site visits without prior appointments. All appointments and showings must be accompanied by a real estate agent. Proof of funds or proof of pre-qualification are required to schedule a showing and 24-hour notice for all showings is requested. Contact us today for more information or to schedule your own private showing.
Property Information
Lot Size
58 acre(s) square ft
Property Type
Residential
Year Built
2007
MLS Number
11173821
Location
Address
492 Dry Run Rd
City
Pine City
State
NY
Zip Code
14871
County
CHEMUNG
Listing
Provider
WHITETAIL PROPERTIES REAL ESTATE LLC, original listing
Name
WHITETAIL PROPERTIES REAL ESTATE LLC
Phone
Office Name
WHITETAIL PROPERTIES REAL ESTATE LLC (NY)
Office Phone
(217) 285-9000
Agent Name
Heather Kent

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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.

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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.