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0 (s) Lyons Lake Rd
Nassau, NY 12123
Michael Fudzinski with WHITETAIL PROPERTIES REAL ESTATE LLC (NY), original listing - (217) 285-9000
$259,000
Conventional
Property
Bedroom
--
Bathroom
--
Property Type
Conventional
Square ft
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Property Description
Large acreage timber property close to Albany with mature timber, trails, stone walls, excellent hunting and endless recreational opportunities. Mature stands of hardwoods are met with several stands of white pine. The property has a high amount of marketable timber. Build your dream home or hunting cabin with plenty of great locations to build, trails, and 2 sections of road frontage. There are a few trails which have become slightly overgrown but could very easily be reclaimed with some light work. The terrain runs uphill from the west to the east of the property with an elevation gain of over 130'+/-. There are several level areas in the southwest corner and in the middle of the property. The boundaries to the west and north are clearly marked. Hunters take notice, this property sets up incredibly well for hunting and there is evidence of heavy and consistent use. Multiple buck rubs and several scrapes are located throughout the property. There is a significant amount of marketable timber dominated by mature stands of hardwoods made up of white and red oak along with maple, cherry and some hickory. The oaks provide a plentiful supply of acorns for deer, turkey and other wildlife. There are several natural funnels and pinch points that set up well to take advantage of various wind directions. There are 2 sections of road frontage totaling about 790' and power available at the road makes subdivision a possibility. This is the perfect location to build your dream home or start a small farm in an idyllic country setting. There is an adjacent 23.45-acre parcel also available for sale providing an opportunity for additional acreage or development opportunities.. Located Southeast of Albany and just 6.8 miles to I-90. Contact me today for more information or to schedule your own private showing. All showings are by appointment only and potential buyers must present proof of funds or pre-approval for confirmation of appointment.
Property Information
Lot Size
54 acre(s) square ft
Property Type
Land-Other
Year Built
--
MLS Number
--
Location
Address
0 (s) Lyons Lake Rd
City
Nassau
State
NY
Zip Code
12123
County
RENSSELAER
Listing
Provider
WHITETAIL PROPERTIES REAL ESTATE LLC (NY), original listing
Name
Phone
(518) 226-2048
Office Name
Office Phone
(217) 285-9000
Agent Name
Michael Fudzinski
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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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.