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1212 Whallons Bay Road
Essex, NY 12936
$9,000,000
Conventional
Property
Bedroom
5
Bathroom
3
Property Type
Conventional
Square ft
3366
Property Description
Rarely does a property of this size and grandeur become available. Nestled between Lake Champlain and the Adirondack Mountains in Upstate New York, this vast 1100+ acre farm and cattle ranch is a thriving organic ecosystem where sustainable practices harmonize with the land, fostering a balance necessary for a healthier environment. In an increasingly troubled world, this sanctuary is free from rising oceans, shrinking shorelines, and natural disasters that occur more and more frequently in other parts of the world. The family has channeled wisdom, respect for soils, and determination into crafting a property that seamlessly blends functionality with aesthetic appeal. Thoughtfully planned infrastructure, including 12 barns for various purposes, a huge workshop, and six farmhouses, including the owner's restored 1880s charmer, ensures that every aspect of the farm is optimized for efficiency and prepared for the future. The cattle are hardy for our winters and only eat organic grass. There are no antibiotics in the water here. The commitment to sustainability ensures that the land is bountiful for generations. The Lewis Family Farm is iconic. Incredibly beautiful, strategically located, and free of impurities... This unique property sets a new standard, proving that responsible land management is not just an ideal but a practice deeply ingrained in the farm's ethos. The wealth of on-site resources include a sugarbush, a rock quarry, apple trees and grape vines, plentiful wildlife and numerous songbird species, miles of interior and exterior electric fencing, subsurface tile drainage at 25' intervals using modern materials, and state-of-the-art laser trenching for drought and flood mitigation. There is abundant clean water from 10 wells, a freeze-proof animal watering system, and a farm pond with a dry hydrant, purposely built for firefighting if ever needed. The Lewis Farm is a legacy waiting to be embraced by those who share the same passion for the land.
Property Information
Lot Size
1,117 sqft square ft
Property Type
Residential
Year Built
1880
MLS Number
201340
Location
Address
1212 Whallons Bay Road
City
Essex
State
NY
Zip Code
12936
County
ESSEX
Listing
Provider
Select Sotheby's International Realty, original listing
Name
Select Sotheby's International Realty
Phone
(518) 523-2550
Office Name
Four Seasons Sotheby's International Realty
Office Phone
(518) 523-2550
Agent Name
Robert Martin

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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.