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68 Young Rd
St. Regis Falls, NY 12980
Amanda Fiacco with Fiacco Realty, LLC, original listing - (315) 854-7529
$899,000
Conventional
Property
Bedroom
3
Bathroom
Full: 2
Property Type
Conventional
Square ft
1684 Square Feet
Property Description
LAKE OZONIA WATERFRONT! This wonderful 1.8 acre lot consists of a 60 X 30 home with 3 bedrooms, 2 full bathrooms, a large living room, lovely landscaping, outbuildings, a boat garage, a boat lift, a 2 stall garage, a paved driveway and more with almost 300 feet of lakefront. As you enter the property you will see the paved driveway, the garage to the right, then the sidewalk that leads to the deck. You will also enjoy seeing the lovely landscaping around the property. Then of course you will love the view of the waterfront! As you enter the home through the sliding glass door you will see the very spacious 30' living room with a beautiful stone fireplace with a woodstove insert. There is room in the living room for a dining room table also. There are french doors that lead to the large sunroom full of windows that overlooks the lake. You will enjoy relaxing in that room anytime of the day! Off the living room is the eat in kitchen with plenty of lovely cherry cabinets built by John Delagrange in 2000, an oversized double oven gas stove, a microwave, a washer and dryer, a built in table and a wall of windows that overlook the lake. The primary bedroom and bathroom are located off the living room. The bedroom has a dressing room and closet. The primary bathroom has a glass corner shower, an oversized vanity and cabinets above the sink. There is anther bedroom on that end as well. The third bedroom is located near the kitchen as well as the other full bathroom with a shower/bathtub unit with a walk-in door, an oversized vanity and a large mirror. There is also an exterior door in the bathroom for your convenience when coming in from being in the lake. There are two Rinnai propane wall units for heat and a mini-split unit for air conditioning/heat in the home. Anderson doors and windows throughout the home. Many updates over the years, new roof in 2014, Rinnai water heater in 2014, two bridges 2014, trex decking, wood bin 2015 and more. There is an alert bell when a car enters the driveway, an intercom system from the house to the garage and boat house, motion lights, exterior lighting, exterior outlets, a garden hose for your convenience. There are storage buildings outside and the insulated and heated two car, two story garage was built in 2000. The garage is heated with a Rinnai propane wall unit also. The second story of the garage was built strong enough to hold three cars, so you could use it for lots of storage or you could make it into a guest apartment. The boathouse was redone and has electricity, lighting and has space for a boat inside and a boat and jet ski outside under a lean to. There is a metal dock that connects to the boathouse and a boat lift that attaches to that as well. There is a driveway on that edge of the property that comes in next to the boat house and there is a cement boat launch there also for your convenience. Some items will convey with the home. This is a beautiful 1.8 acre oasis on Lake Ozonia, schedule your showing soon!
Property Information
Lot Size
1 acre(s) square ft
Property Type
Residential-Single Family Residence
Year Built
1950
MLS Number
--
Location
Address
68 Young Rd
City
St. Regis Falls
State
NY
Zip Code
12980
County
FRANKLIN
Listing
Name
Phone
(315) 261-9809
Office Name
Office Phone
(315) 854-7529
Agent Name
Amanda Fiacco
Agency Phone
(315) 854-7529

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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.