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0wp Blue School Road
Franklin, NY 13775
John Myers with WHITETAIL PROPERTIES REAL ESTATE LLC (NY), original listing - (217) 285-9000
$296,000
Conventional
Property
Bedroom
--
Bathroom
--
Property Type
Conventional
Square ft
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Property Description
This is a choice hunting property, heavily wooded with internal trail system providing access throughout. Wetlands with approximately 2782 feet of stream is set between the open meadows along the road where the barns are located and the gradual hillside that slopes up to the flat ridgeline along the top, creating an ideal habitat for whitetail, wild turkey and other area wildlife, which feed, bed and funnel through as they traverse this property situated between neighboring open ag fields. There are several beautiful ponds, some stocked with largemouth bass. The majority of the property is heavily wooded, some of which is currently in a 480A Forestry Management Program and provides tax relief on the property, while other areas of the woodlot are not. The woodlot contains a mix of hardwoods, including primarily oak and maple as well as some high quality pine.There are several open areas that would be ideal for food plots. Wild apple trees are scattered throughout, which provides an excellent food source for the local wildlife, attracting deer, wild turkey and grouse. This property features a diverse terrain, with fields, overgrown meadows, woods and water, creating excellent deer habitat, and with this large acreage property has the potential to grow mature bucks with dozens of options for hunting access regarding approach and wind direction. Use the barns for storage or animals, and/or build your new home/vacation getaway overlooking the ponds. Power is available at the paved year round road. This property is in the Franklin Central School District. Cell service was good when recently walked. Amenities, shopping, restaurants and entertainment are easily accessed within 4.5 miles to the Village of Franklin or 8 miles to Oneonta. World renowned Cooperstown is just 30 miles away and Binghamton is only an hour commute. NYC/George Washington Bridge is 2.5 hours away. Additional land available for purchase as well.
Property Information
Lot Size
148 acre(s) square ft
Property Type
Land-Other
Year Built
--
MLS Number
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Location
Address
0WP Blue School Road
City
Franklin
State
NY
Zip Code
13775
County
DELAWARE
Listing
Provider
WHITETAIL PROPERTIES REAL ESTATE LLC (NY), original listing
Name
Phone
(217) 285-9000
Office Name
Office Phone
(217) 285-9000
Agent Name
John Myers
Agency Phone
(217) 285-9000

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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.