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Hardy Road
Wilmington, NY 12997
$299,900
Conventional
Property
Bedroom
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Bathroom
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Property Type
Conventional
Square ft
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Property Description
157 acres of recreational land located near Wilmington, Jay and Lake Placid, near the High Peaks region of the Adirondacks. Directly abuts 714 acres of New York State Forest Preserve, waiting to be explored! The Wilmington Recreational Forest is a former lumber company property with a long track record of good forest management. The result of the most recent harvest on the property is an abundance of high-quality timber, improved recreational access and development potential, and enhanced wildlife habitat. The thinning occurred in 2019-20 on the west side of Hardy Road. The most prominent and productive timber species include white and red pine with a small component of hardwoods. The property is enrolled in NYS Section 480a of the Forest Tax Law, which allows for a significantly reduced assessment, resulting in lower taxes in return for long-term forest management. Forest management is currently handled by listing agent, John O’Donnell. The west side of Hardy Road is high and dry, with a good network of logging trails that can easily double as ATV, mountain bike, or horse trails. The east side of the property is nearly flat, also with trails from past forest management operations. The eastern portion of the property is bounded by Beaver Brook, a classified trout stream, and an expansive wetland complex, that is a tributary to the Ausable River. This area is an important wildlife habitat attractive to a variety of wildlife species for its food source and cover. Forest management activities have created favorable wildlife habitat and browse by stimulating the growth of grasses and forbs, fruiting bushes (blueberry, raspberry and blackberry species), and seedlings and saplings of desirable tree species. The most common game species attracted to this vegetation are: whitetail deer, black bear, ruffed grouse, and turkey. The west side of Hardy Road is zoned R3-Low Intensity, while the east side is zoned Resource Management. Zoning map and Zoning code are included. With its favorable site characteristics (elevation, soils) and its proximity to Wilmington, Jay and Lake Placid, this property has potential for a glamping or horseback riding business ( Subject to zoning permit). The Wilmington Recreational Forest has developable views on the west side of Hardy Road. There are plenty of opportunities for siting a hunting cabin, hunting blinds, and/or food plots. With careful tree cutting at select locations and a favorable elevation, views of the High Peaks can be gained, from the Sentinel Range to the south, and to the east. This property is located under 5 miles to the villages of Wilmington and Jay, where you’ll find grocery, hardware and shopping. A twenty-minute drive brings you to the Olympic Village of Lake Placid for dining and attractions. Other destination driving times include: 5 hours to NYC, under 2 hours from Saratoga Springs, 40 minutes to Plattsburg International Airport and under 2 hours from Trudeau International Airport located in Montreal.
Property Information
Lot Size
157 acre(s) square ft
Property Type
Lots And Land
Year Built
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MLS Number
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Location
Address
Hardy Road
City
Wilmington
State
NY
Zip Code
12997
County
ESSEX
Listing
Provider
Name
Phone
Office Name
Timberland Realty - Falconer
Office Phone
(716) 962-9935
Agent Name
John Odonnell

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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.