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0 Route 31
Canastota, NY 13080
John Myers with WHITETAIL PROPERTIES REAL ESTATE LLC (NY), original listing - (217) 285-9000
$679,000
Conventional
Property
Bedroom
--
Bathroom
--
Property Type
Conventional
Square ft
--
Property Description
A rare gem of 6.55 acres with spectacular unobstructed views and ample space for the new owner to spread out on this once-in-a-lifetime opportunity to own a large parcel directly on Oneida Lake. Located on the south eastern side of Oneida Lake, this amazing, largely wooded property offers ~512 feet of water frontage and ~215 feet of road frontage and approx. 1044' from Route 31 to the water. From there, you have sweeping unobstructed views across the open area on the end of the property and across the lake with no neighbors in sight. With this much luxurious space to choose from, there are multiple options for building sites for your new home or vacation getaway. Oneida Lake, New York State's largest completely inland lake, is renowned for its fishing and watersports. You are close to amenities in either Sylvan Beach only 4.5 miles away or Canastota at 6.7 miles. This is a great location for a quick commute within a half hour or less of Syracuse and the new Micron facility as well as the surrounding communities for amenities as well as area attractions and culture: renowned restaurants and breweries, shopping, culture and performing arts. Turning Stone Resort Casino is only 11 miles away with award-winning dining, entertainment, spas, golf and gaming. Albany is a two hour drive; while NYC/George Washington Bridge is less than 4 hours. There is another 6.32 acre parcel adjoining this property with a deeded ROW along the east border taking you to the back of the property and which would give the new owner over 12 acres directly on the lake..... practically your own bay to yourself! Don't miss this amazing opportunity to build your perfect home or getaway on this rare property.
Property Information
Lot Size
6 acre(s) square ft
Property Type
Land-Other
Year Built
--
MLS Number
--
Location
Address
0 Route 31
City
Canastota
State
NY
Zip Code
13080
County
ONONDAGA (WEST)
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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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.