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63 Lakeview Dr. N
Cooperstown, NY 13326
Denise Page-LaCava with Stack-Page Properties, original listing - (607) 547-6177
$1,395,000
Conventional
Property
Bedroom
3
Bathroom
Full: 2, ½: 1
Property Type
Conventional
Square ft
1676 Square Feet
Property Description
Step into this rare gem, a charming 1969 year-round Ranch home in the desirable Lakeland Shores of Cooperstown. This delightful 3-bedroom, 2.5-bath residence offers over 1,600 sq. ft. of well-designed living space. The open-concept layout is illuminated by large windows, inviting abundant natural light into the spacious interiors. A cozy stone fireplace adds a touch of warmth and elegance, creating the perfect ambiance for relaxing evenings. The primary suite is a true sanctuary, featuring a picture window with serene views of Otsego Lake, double closets for ample storage, and an attached 3/4 bathroom. The two additional bedrooms are generously sized, providing ample closet space to accommodate your needs. Best of all, the picture window in the kitchen overlooks the lake, making cooking a visual treat, while the bluestone patio is an ideal outdoor dining and entertaining spot. The home's western exposure allows for spectacular sunsets over the lake, adding a magical touch to your evenings. The property's private setting on a 0.62-acre lot and 141' private lakefrontage offers exceptional seclusion. Another feature is the year-round stream that runs along the property. Nestled away from the road, the home enjoys unparalleled privacy and is best appreciated from the lake, where its picturesque beauty is fully revealed. Stone walls, a welcoming covered front porch, and lush, landscaped grounds enhance the sense of tranquility and exclusivity. Situated directly on Otsego Lake, offering breathtaking views of the beautiful rolling hills surrounding the area. The Susquehanna River, which begins at Otsego Lake and flows 444 miles to Havre de Grace, Maryland, where it enters the Chesapeake Bay, adds to the location's allure. The property is served by Village water and sewer, high-speed internet, and is within the Cooperstown School District. Enjoy the convenience of being within walking distance of the Historical Village of Cooperstown, a charming village rich in history and culture, with excellent restaurants and unique shops. Although lovingly maintained, this home may benefit from some updating, allowing you to add your personal touch. Offered for the first time in 55 years, this is a rare opportunity to own a tranquil lakeside retreat. Be the next owner to love and appreciate this gem.
Property Information
Lot Size
0 acre(s) square ft
Property Type
Residential-Single Family Residence
Year Built
1969
MLS Number
--
Location
Address
63 Lakeview Dr. N
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

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.