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10559 County Highway 18
South Kortright, NY 13842
Brian McCafferty with NOW REAL ESTATE LLC, original listing - (917) 445-4615
$3,795,000
Conventional
Property
Bedroom
5
Bathroom
Full: 3, ½: 1
Property Type
Conventional
Square ft
3771 Square Feet
Property Description
7 buildings on 22+ acres: White Carriage House, Stone Building, Wood Shop (with forge), Horse and Livestock Barn, Main House, Guest House and Schoolhouse. Also, a Spring House and Root Cellar. Infrastructure: First four buildings listed were brought up to full-use by current owner with water/electricity and heat running to all four buildings. Water: Property includes pond, 120-foot well, water rights via Spring House access to neighbor's water rights, and a portion of the West Branch of Delaware River (property line goes to the far shore of the river, narrow at the point that borders the land.) The property is in the NYC watershed; new septic tank installed May 2023 at no cost to owner. Also, as this acreage is in the river valley, there has never been a time, even during drought, that water has been unavailable. (Not the case with several farms/land in area; when a dry season hits, unpredictable of course, and farms run dry, it's a nightmare; never been the case here.) Additional details of land: Orchard, pastures, three paddocks, a knot garden, a vegetable garden. Owner can attest and notarize that no pesticides have been used on the land in 22+ years: all organic. Zoning: No restrictions: zoned for commercial and residential. Cannabis needs an additional permit, and other local business have been granted permits. Annual taxes: $14,831.16 (Property: $9957.72; School: $4,873.44.) Commercial Access: Two driveways to property; parking lot (field behind Wood Shop where freight trucks loaded in/out); capacity of White Carriage House as many as 350 people when used for weddings/events. Property is directly on County Hwy 18 which is plowed during inclement weather allowing 24/7 easy access/egress for business vehicles year-round. Property is directly across from State Route 10, again easy transportation access. History: Original settler J. McLean was a copper magnate and building construction reflects the wealth: the grandeur of the White Carriage House, the stability of the Stone Building (originally, the family's private train depot for tracks that now are used as the 21-mil Catskill Scenic Trail, some of which crosses through this property; owner has farm-right-of-way for cattle or trucks); the size of the rooms in the Main House, the post-and-beam construction of the Horse and Livestock Barn. And the stone wall that surrounds the majority of the property, one of the few in the area still intact, is a testament to the construction and care devoted to the estate.
Property Information
Lot Size
22 acre(s) square ft
Property Type
Farm-Farm
Year Built
1778
MLS Number
--
Location
Address
10559 County Highway 18
City
South Kortright
State
NY
Zip Code
13842
County
DELAWARE
Listing
Provider
NOW REAL ESTATE LLC, original listing
Name
Phone
(917) 445-4615
Office Name
Office Phone
(917) 445-4615
Agent Name
Brian McCafferty
Agency Phone
(917) 445-4615

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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.