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38 State Route 28
Inlet, NY 13360
$4,450,000
Conventional
Property
Bedroom
13
Bathroom
6
Property Type
Conventional
Square ft
3400
Property Description
CAMP CLIFFVIEW OF FOURTH LAKE. This exquisite 3rd generation Adirondack estate promises an unparalleled escape from the ordinary. Resting on four private acres with over 300 feet of shoreline on Fourth Lake, this estate has been perfectly restored and has been meticulously maintained over the years. The multi-building estate consists of the Main House, Guest House, Carriage House, Game Room, and Boathouse. The Main House sits majestically overlooking the lake with its south facing cantilevered deck and one mile across water views. With five bedrooms and three baths, it comfortably sleeps 12 guests anytime of the year. The Guest House has its own unique style and provides cozy comfort and a large deck of its own. With one floor living, the guest house has it all with living and dining rooms, a large bedroom and bath, and a well-equipped kitchen. The 2nd floor of the Carriage House has classic Adirondack bunkhouse styling. With seven bedrooms, the Carriage House sleeps 14 guests. Included among the sleeping quarters, there is a quaint sitting area, a full kitchen, and a full bath. The 3rd floor has an additional full bath. The Game Room is perfect for gamesmanship among family, friends, and guests. Separate recreational buildings of this type are a common feature of the Adirondack great camp style. The Boathouse is unique in its own way as the architecture brought the old and new perfectly together. The original boathouse was completely renovated and includes a newly constructed, fully equipped boathouse with three boat bays, each with its own boatlift system. The upper level of the boathouse has a huge space and is awaiting its future purpose. A property of this quality rarely becomes available but is being offered for sale for the first time in generations. The estate is being sold fully furnished. Camp Cliffview is a wonderful property that is ready for the next family to create memories for generations to come.
Property Information
Lot Size
4 acre(s) square ft
Property Type
Residential
Year Built
1930
MLS Number
200450
Location
Address
38 State Route 28
City
Inlet
State
NY
Zip Code
13360
County
HAMILTON
Listing
Provider
LaValley Real Estate, original listing
Name
LaValley Real Estate
Phone
(518) 359-9440
Office Name
Coldwell Banker Whitbeck Assoc Tupper Lake
Office Phone
(518) 359-9440
Agent Name
Matthew Ellis

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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.