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20 Fair Street
Cooperstown, NY 13326
Denise Page-LaCava with Stack-Page Properties, original listing - (607) 547-6177
$2,300,000
Conventional
Property
Bedroom
4
Bathroom
Full: 3, ½: 2
Property Type
Conventional
Square ft
--
Property Description
Step into the grandeur of Greystone, an exquisite Federal-style stone mansion built circa 1831, gracefully situated on a 0.51-acre surveyed lot in the scenic Village of Cooperstown. This handsome estate, located in the heart of the Village, spans over 4,300 sq ft and features 4 bedrooms, 6 bathrooms, original millwork, 12' ceilings, and five fireplaces. The entrance boasts Tuscan columns, side and transom windows, and a six-panel wood door that matches the door casing, further adorned by a wrought iron railing on a shallow balcony above the center entrance. Atop the home, a low enclosed cupola with a balustrade adds to its distinguished character. The original section of the house, a forty-square-foot structure built of grey limestone, enhances its unique historical significance. Admire its opulent marble and wood floors, the elegant staircase, crown molding, and the covered porches with charming awnings. Additional luxurious features include a sophisticated library with built-in bookcases, perfect for relaxation, and a large, elegant dining room ideal for grand gatherings. French doors off the living room lead you out to one of the covered porches and down to the gardens, enhancing the fabulous flow of the home for both entertaining and everyday living. A back staircase leads directly to the gourmet kitchen equipped with stainless steel appliances, offering a convenient connection while overlooking the picturesque courtyard. The bedrooms in Greystone are bright and spacious, with four of the six bedrooms featuring private baths, providing both luxury and privacy for residents and guests. The current owners have thoughtfully transformed the carriage barn into an open living space, creating a versatile area perfect for modern living and ideal for entertaining large gatherings. It is equipped with a built-in screen and projector, which is perfect for entertainment. This space includes stainless steel appliances, a 16' quartz countertop, a 3/4 bath, and an open floor plan, seamlessly blending contemporary comfort with historical charm. Additional updates to the home include adding two additional bathrooms, a total re-do to one of the bathrooms, replacing stainless steel appliances in 2019, installing a new stove in 2023, a new cupola, and installing central air conditioning in both the main home and the carriage barn, ensuring modern convenience and comfort. Outside, a private, beautiful courtyard with covered porches accommodates seven cars and is surrounded by meticulously maintained grounds and gardens. The yard is completely fenced in, making it safe and perfect for pets. Just steps from Otsego Lake and the renowned National Baseball Hall of Fame, Greystone has been lovingly preserved over the years, retaining its timeless elegance and historical character. This rare gem offers an unparalleled opportunity to own a distinguished piece of history in Cooperstown. Schedule your private tour today to experience the enduring elegance and rich heritage of Greystone.
Property Information
Lot Size
0 acre(s) square ft
Property Type
Residential-Single Family Residence
Year Built
1831
MLS Number
--
Location
Address
20 Fair Street
City
Cooperstown
State
NY
Zip Code
13326
County
OTSEGO
Listing
Provider
Stack-Page Properties, original listing
Name
Phone
(607) 547-6177
Office Name
Office Phone
(607) 547-6177
Agent Name
Denise Page-LaCava
Agency Phone
(607) 547-6177

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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.