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6812 State Highway 80
Cooperstown, NY 13326
$1,535,000
Conventional
Property
Bedroom
3
Bathroom
2
Property Type
Conventional
Square ft
1300
Property Description
This little jewel box was built in 1902 and used exclusively by the same family as a seasonal home until 2019. 117 years later, it was purchased and completely renovated, sparing no expense. Favorite features of this property are its level access from the road to the house and lake ~ a rarity on Glimmerglass! A small tranquil stream runs along the north boundary, and is flanked by pretty flower gardens. The property juts out to a point, where the stream and lake converge. Here you'll enjoy spectacular panoramic lake views of our glistening waters, Sleeping Lion Mountain, farmlands & mountains to the east as well as long views to the south. A rustic fire pit at the point serves as a lovely end of day spot to unwind and gather with friends. The home has undergone a total transformation, while retaining many of the special original features, harmoniously blending old with new. Enjoy lazy lake days ~ coffee on the porch at sunrise, cool your feet in the water after sunning on the deck, cocktails on the dock at dusk, dinner al fresco or boat into town, a fire at the point, and a soak in the hot tub at days' end. A LIFESTYLE one can get used to! An efficient kitchen with creamy white cabinets & brick-tiled backsplash, opens to the dining room, formal entry, & living room, and packs plenty of storage. A deep apron sink is outfitted with solid brass fixtures. Counters are Ceasarstone Quartz in a milky white with subtle gold streaks. Beautiful Cafe' appliances (dual fuel oven/range, convection microwave oven, 3 tier dishwasher, & counter-depth pantry style refrigerator/freezer), unify the space. The rustic tiled floors are radiant heated on their own zone, and a sunny skylight along with new recessed & pendant lighting on dimmer switches, set a warm ambient tone. A spacious island/counter bar, provides lots of room for meal prep, and ample space to lay out your appetizers, making entertaining a breeze! New Anderson sliding doors in the living room are flanked by original windows with pretty stained glass, and lead to the covered porch where you can enjoy the outdoors in any weather! A 3-sided Lopi fireplace runs off a thermostat and heats the entire home. All windows are new Andersons (most are tilt-in), customized with brass lock mechanisms. The downstairs bedroom has an exposed beam ceiling, original wood floors, and original doors with a south facing lake view and a new en-suite full bath with heated laminate flooring, new shower enclosure, vanity, awning window, and efficient flush toilet. The original staircase remains in tact. Only its treads were refinished and a runner was added. At the top of the stairs you'll be greeted with breathtaking lake views through new 12 x 6 sliding Marvin windows which were added to the room. The primary bedroom is a spacious room with high ceilings, ceiling fan, its own gas fireplace and mirrored closet doors reflecting the lake. Original floors remain throughout the entire 2nd floor. The other second floor bedroom is storybook sweet with two windows, small closet, a knotty pine feature wall painted navy blue, and has south-facing lake views. The upstairs bath blends old with new ~ the original oversized porcelain tub with custom frameless glass shower enclosure, new vanity, original knotty pine and bead board walls along with a custom fit wall mirror, a fun chandelier & sconce wall lighting. ALL systems were replaced. Electric, Plumbing, Insulation, Heat, Rinnai On-Demand Hot Water Heater, Water Softening System, UV Water Filtration System and Reverse Osmosis Drinking Water Filtration System. New Reznor Heater in the basement. An addition was added to the front of the home providing a cozy heated entry for coats, shoes, storage.Garage is brand new. Both structures have NEW cement board siding. The porch was rebuilt with new flooring, rails, stairs and columns. The deck is new and sun-drenched! Parking for up to 4 cars. Truly a GLORIOUS home! *Owner is NYS License Real Estate Broker.
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
1902
MLS Number
11266663
Location
Address
6812 State Highway 80
City
Cooperstown
State
NY
Zip Code
13326
County
OTSEGO
Listing
Provider
LAKE LADY PROPERTY MANAGEMENT LLC, original listing
Name
LAKE LADY PROPERTY MANAGEMENT LLC
Phone
Office Name
LAKE LADY PROPERTY MANAGEMENT LLC
Office Phone
Agent Name
Michelle Barry

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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.