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28 Kellogg St
Fort Plain, NY 13339
Roland Vinyard with VINYARDS CHOICE, original listing - (518) 673-3212
$320,000
Conventional
Property
Bedroom
3
Bathroom
Full: 1, ½: 1
Property Type
Conventional
Square ft
2023 Square Feet
Property Description
#1213 - W. Montgomery County You won't find this elsewhere: modernized yet historic home, right in the village, but with 4.1 acres, very private, and a cavernous pole barn. Supposedly built around 1840, but with Victorian lines, it is been maintained and is up to date, yet retains its charming old features. The land is mostly mature wooded side hill, with a few level spots. There is 718' of frontage in the front and another 214' in the back. But you don't notice other houses and they don't see you. Circular drive, paved, with brick paved walks and patio. You'll find a view through the trees of the entire village spread out below you. The village supplies award-winning public water + sewer and natural gas. The grounds have some special trees, a Frasier Magnolia (has huge blossoms & leaves, the only one known north of West Virginia), a huge 3-trunked large Black Walnut, Sugar Maple, Chinese Quince..... Older fences mostly designate the boundaries. If you are into landscaping, you'll have a blast here. Inside are 2023 ft2 of living space. Downstairs, you will find living and dining rooms, modern kitchen, laundry, wainscoted craft or exercise room, a mud room, and a half bath. On the second floor is a full bath, 3 bedrooms (11x15', 13x14', 11x18') and an office at the head of the black stairs. The master bedroom has a walk-in closet. This îș a place for which no apologies are needed. There is a 95% efficient gas furnace, large thermal windows, many closets (some are quite large), newer hardwood floors with the hand-scraped look, and a new HW heater. Original features include all molding and trim, all interior doors, two sets of French door-like hinged windows, the fireplace, some extra wide doors, transom light panels, corner cupboard, with other built-ins elsewhere and a mahogany-floored front porch which is set up for winter enclosure. Shingle roof (good shape), attic, and large full basement with a wash sink and shower (not used). There is a newer and very large Morton building. It measures 45-66' and it has a cement floor, its own electric entrance, and 2 large overhead doors, with 18' sidewalls. You'll find it perfect for large home hobbies or small business storage. There is a loft in one part. Taxes are $5800 with only the Star exemption. Asking just $320000. Shown by appointment; as you cannot see it from the road.
Property Information
Lot Size
4 acre(s) square ft
Property Type
Residential-Single Family Residence
Year Built
1840
MLS Number
--
Location
Address
28 Kellogg St
City
Fort Plain
State
NY
Zip Code
13339
County
MONTGOMERY
Listing
Name
Phone
(518) 673-3212
Office Name
Office Phone
(518) 673-3212
Agent Name
Roland Vinyard
Agency Phone
(518) 673-3212

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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.