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312 Swan Hill Rd
Whitney Point, NY 13862
$749,900
Conventional
Property
Bedroom
4
Bathroom
3
Property Type
Conventional
Square ft
2328
Property Description
Outstanding opportunity to own this quality built and well maintained Lindal Cedar Contemporary home, built in 1989. With 2328 square feet, this home features a huge great room with cathedral ceilings and a full glass wall overlooking the beautiful surrounding natural setting, along with 4 bedrooms, 3 full bathrooms, and a huge loft currently used as the Master Bedroom. The eat-in Kitchen features stainless steel appliances, gorgeous oak cabinets and granite countertops with an island. Wood trimmed ceilings throughout the house are striking and add to the warmth and rustic feel. The walk out basement is largely finished with a huge rec room, full bar and pool room and additional bedroom, which has a second wood stove in addition to the one located in the main floor sitting area. In addition to the two economical wood stoves, the main heating is forced air provided through sustainable green energy by a geo-thermal heating system. The asphalt shingle roof is 10 years old, and comes with its warranty paperwork. A large wrap around deck invites you to enjoy the outdoors as well as provides a great area to entertain your guests. This very private property has a long paved driveway leading in from the main road, which is maintained by the town year round. There is a detached, 76 ft. by 36 ft. pole barn with power and concrete flooring as well as (2) 12x12 overhead doors, one on each end of the building, providing many options to be used as a garage for your vehicles, recreational toys as well as a workshop. There are two nice sized ponds on the property, one of which is stocked and also features a charming one room off-grid cabin, a peaceful retreat to enjoy overlooking the water. There are ATV trails for hiking or riding that run throughout the 140+/- acre woodlot, providing great access. The woods are a mix of hard and soft woods, including mostly oak, maple and cherry. Over the years, portions have been selectively harvested, ensuring a healthy forest and opportunity for future timber income potential. There is high speed internet available. The property also features a very nice apple orchard. Water recreation and fishing is available within 10 minutes from Dorchester Park on the Whitney Point Reservoir, a 1200 acre lake renowned for walleye, bass and panfish among many other species and offers a public beach, picnic area, and public boat launch. Whitney Point Multiple Use Area is located there as well with an additional 4546 acres of NYS Land to enjoy hiking, boating, fishing and hunting. This very secluded location is still only minutes away from Whitney Point and many outstanding amenities in the Binghamton, Cortland, Oneonta, and surrounding areas, highlights include multiple state parks, lakes with public beaches and boat launches, shopping, baseball venues, museums, cultural and performing arts and many different culinary delights with everything from high-end restaurants to micro-breweries to family-style eateries. NYC/George Washington Bridge is only 3 hours 10 minutes away.
Property Information
Lot Size
155 acre(s) square ft
Property Type
Residential
Year Built
1989
MLS Number
11179027
Location
Address
312 Swan Hill Rd
City
Whitney Point
State
NY
Zip Code
13862
County
BROOME
Listing
Provider
WHITETAIL PROPERTIES REAL ESTATE LLC, original listing
Name
WHITETAIL PROPERTIES REAL ESTATE LLC
Phone
Office Name
WHITETAIL PROPERTIES REAL ESTATE LLC (NY)
Office Phone
(217) 285-9000
Agent Name
John Myers

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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.