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Off Drown Road
Ellenburg Depot, NY 12935
John Odonnell with Timberland Realty - Falconer, original listing - (716) 962-9935
$499,900
Conventional
Property
Bedroom
--
Bathroom
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Property Type
Conventional
Square ft
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Property Description
A 300 square-foot off-grid log cabin on 165 acres with a 5-acre beaver pond. Sharing ~3,500 feet of the border with Quebec, Canada, it does not get much more remote than the International Borderlands Retreat; the closest neighbor is ¾ of a mile through the woods to the north. The property is accessed by Drown Road, a seasonal town road that serves other camps along its route. Access is secured by a gate through the property of Churubusco Lodge. The deeded right-of-way (ROW) through the Lodge property, which is just under 2 miles in length, is a high-quality, well-maintained road that is substantial enough, and has been used for timber operations, able to accommodate tractor-trailers. Part of Drown Road and the ROW have seasonal access; they are not plowed in the winter. The log cabin is situated to the south of a 5-acre beaver pond, with an outstanding view from the front porch. Constructed within the last 10 years by Moosehead Cedar Log Homes of Maine, the cabin includes 2 lofts, a full bath, and a kitchen. It is powered by a solar- and propane-fired generator and is heated by both a wood stove and a propane heater. A drilled well and septic provide for fresh water and sewage disposal. Included with the property is a 2014 Kubota UTV, which has under 60 hours. It is housed in a detached shed. The terrain on the property is very level and slightly rolling, making it favorable for recreation and the addition of other structures. There are many woods road and trails that provide access throughout the property. The level terrain harbors many seasonal woodland pools, offering great wildlife habitat for invertebrates. The landowner has also invested time and money to enhance this property for hunting, by clearing and planting acreage, digging new ponds and water features, and constructing an elevated hunting blind. The tree cover on the property includes acres of mature timber, both hardwood and softwood, as well as young, immature growth. The varied tree cover, combined with groundcover such as blueberries, supports all sorts of wildlife, including black bear, whitetail deer, grouse, and moose. In addition to the recreational opportunities within the parcel, this property also shares ~2,200 feet of its eastern boundary with the 600-acre Gulf Unique Area. This parcel, noted for the steep gorge (“the Gulf”) near the Canadian border, is open to all types of outdoor recreation, including hunting. Current owner engages a local caretaker to maintains the roads and buildings, ensures that all mechanicals are in order for immediate use. The International Borderlands Retreat property is located ~45 minutes from Plattsburg, NY, which has all the amenities and an international airport. It is about an hour and 20 minutes from Montreal, Canada, which also has an international airport.
Property Information
Lot Size
165 acre(s) square ft
Property Type
Land-Other
Year Built
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MLS Number
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Location
Address
off Drown Road
City
Ellenburg Depot
State
NY
Zip Code
12935
County
CLINTON
Listing
Provider
Timberland Realty - Falconer, original listing
Name
Phone
Office Name
Office Phone
(716) 962-9935
Agent Name
John Odonnell
Agency Phone
(716) 962-9935

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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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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.