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1883 State Hwy 23
South Plymouth, NY 13844
$305,000
Conventional
Property
Bedroom
3
Bathroom
2
Property Type
Conventional
Square ft
2000
Property Description
A beautiful serene setting overlooking a one-half acre pond sets off this unique Tudor Revival home, built in 1977, but newly remodeled 2023 and offering many unique features. This 3 bedroom, 2 bath home offers beautifully appointed finishes, including a gourmet style kitchen with high end Merillat cabinetry, quartz counters, a Viking gas range and new KitchenAid stainless steel dishwasher and newer GE refrigerator; radiant heat tile flooring throughout first floor, floor to ceiling gas fireplace, brazilian cherry hardwood floors in main living areas, metal spiral staircase to second floor and french doors leading to the new concrete patio off the back of the house overlooking the pond. Both of the two gorgeous full bathrooms were fully remodeled summer 2023, and feature contemporary tiling, walk-in shower, and claw foot tub along with the modern vanities and chandelier lighting. There is a bedroom/den area on the main floor and two bedrooms on the second floor, with the master bedroom being newly carpeted. Many of the windows on the main floor and second floor bedroom are tilt-on for easy cleaning. The foundation is poured concrete. There is all new pex plumbing installed, a 500 gallon concrete septic tank, and a concrete drywell tank for the spring water well system. Heating is provided by both an oil boiler through radiant heating system, as well as an outdoor wood burning boiler which offers an economical heating option. The asphalt shingle roof on the main house is only 10 years old. There is an oversized, two car attached garage, new Steel Roof (2023), with power and concrete floor and measures 26 ft. by 56 ft, with an additional shed off the entire back of the garage providing ample additional storage for wood or equipment. Outdoor entertaining in this lovely backyard can be enjoyed from either the deck off the dining area or the large new concrete patio. Try the zip-line that crosses over the pond for extra fun. In an area renowned for wildlife conservation, whitetail and wild turkey hunting, over 13,000 acres of the Pharsalia Wildlife Management starts just across the road from this property and less than 1/2 mile up the road behind this property. This huge tract includes the New Michigan State Forest and Perkins Pond State Forest along with portions of the Finger Lakes Trail, all providing additional hunting, hiking, camping, fishing, and snowmobiling very close by. Amenities are available in less than 15 minutes away in Plymouth, Cincinnatus or Norwich. Additional shopping, restaurants, colleges and entertainment are available in Cortland within 30 minutes and Binghamton in 50 minutes. NYC/George Washington Bridge is just 3.5 hours away. Property is located in the Otselic Valley School District. Come check out this one-of-a-kind home on 5 park-like acres overlooking a beautiful large pond.
Property Information
Lot Size
5 acre(s) square ft
Property Type
Residential
Year Built
1977
MLS Number
11194725
Location
Address
1883 State Hwy 23
City
South Plymouth
State
NY
Zip Code
13844
County
CHENANGO
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.