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214-17 27th Avenue
Bayside, NY 11360
$2,650,000
Conventional
Property
Bedroom
7
Bathroom
5
Property Type
Conventional
Square ft
4000
Property Description
Spacious & Well-Maintained Home nestled on a manicured 80' x 100' lot within the exclusive Bayside Gables gated community with over 4,000 interior sqft, 7 total bedrooms, 4.5 baths, and lots of space for sophisticated living and grand entertaining. A beautiful 2-story marble foyer ushers you inside to a gracious main level, starting with a cozy sunken living room featuring hardwood floors and an inviting wood-burning fireplace. Next is an eat- in kitchen equipped with rich wood cabinetry, tile floors, stainless steel appliances including dual wall ovens, and a generous breakfast nook. An elegant formal dining room and adjacent oversized sunken living room boast gleaming herringbone hardwood floors and provide ample room for effortless entertaining. French doors off the dining room lead to a sprawling stone terrace atop a detached 2-car garage with spiral stairs down to a large patio, both with a tranquil backdrop of mature plantings. A private office is off the foyer, and a powder room is between the living room and kitchen. Your primary retreat is upstairs, offering a big bedroom with wood floors, a wide closet plus 2 walk-ins, and an en-suite bath with dual storage vanity and shower. Three more bedrooms with big closets and wood floors are down the hall, serviced by a full hall bath with stone-topped storage vanity and tub/shower. Separate living quarters can be found in the finished lower level where you enter into a great room with sliding doors to the rear patio, followed by a full eat-in kitchen with gorgeous cherry cabinets and stainless steel appliances, two additional bedrooms, and a full bath with shower. Completing this level is a utility space with laundry and abundant space for storage. With a flexible floor plan, many updates, timeless finishes, and a great location near shopping, dining, schools, parks and more; this move-in ready gem is just waiting for you to unpack and enjoy.
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
1978
MLS Number
3537061
Location
Address
214-17 27th Avenue
City
Bayside
State
NY
Zip Code
11360
County
QUEENS (NORTHEAST)
Listing
Provider
Keller Williams Realty Landmark, original listing
Name
Keller Williams Realty Landmark
Phone
(718) 475-2777
Office Name
Keller Williams Rlty Landmark
Office Phone
(718) 475-2700
Agent Name
Antonella Villa

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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.