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0 W Bush Rd.
Gloversville, NY 12078
$850,000
Conventional
Property
Bedroom
3
Bathroom
2
Property Type
Conventional
Square ft
1793
Property Description
The actual street number has been withheld to maintain privacy at the request of the seller. This meticulously manicured 32+ acre country estate is an oasis at the foothills of the Adirondacks. The property is simply spectacular and is bordered by a buttress of trees that afford complete privacy. The upper portion of the property is proudly maintained by the owners with the large ornamental pond not only providing a million dollar view, but has been a natural swimming and fishing retreat for the whole family. On the lower portion of the property a second utility pond collects excess runoff from the rolling acreage. The lower acreage is heavily wooded with a well maintained 1/2 mile trail that provides access to cross country exercise, favorite hunting locations, wood harvesting and an expanse of road frontage on the far side of the 32+ acres. The improvements to the property include the 3 bedroom 1 & 1/2 bath ranch style principal home, a 24X32' workshop building with covered carport extensions and a secondary open concept guest cottage with separate utilities. The primary residence was built in 1968 and has been owner occupied by the same family ever since. The home is meticulous kept, in pristine condition and larger than it appears. The lower level garage area has been partially finished into an exercise room that opens up to a bar area, den and 1/2 bath before reaching the stairway to the main level. The main level of the home has 3 bedrooms and a full bath at one end that opens to large kitchen surrounded by family sized spaces flooded with natural light and breathtaking views of the property. The home and guest home have multi-zone baseboard heat with supplemental wood stoves and the workshop is heated with a hot air furnace. There is simply too much to describe about this wonderful property, you simply must see it to believe and appreciate it. Please contact listing agent directly for more information or a private viewing.
Property Information
Lot Size
32 acre(s) square ft
Property Type
Residential
Year Built
1967
MLS Number
11199131
Location
Address
0 W Bush Rd.
City
Gloversville
State
NY
Zip Code
12078
County
FULTON
Listing
Provider
MINKLER BRANDT, original listing
Name
MINKLER BRANDT
Phone
Office Name
MINKLER BRANDT
Office Phone
(518) 339-5911
Agent Name
Brandt Minkler

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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.