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10636 Sh 37
Lisbon, NY 13658
Brenda Moulton with Plumley Real Estate LLC, original listing - (315) 265-6720
$60,000
Conventional
Property
Bedroom
3
Bathroom
Full: 1
Property Type
Conventional
Square ft
1620 Square Feet
Property Description
SELLER IS VERY MOTIVATED TO SELL. This charming farm house awaits a caring hand to restore it to its former splendor, offering a treasure trove of potential. With a breathtaking view of the St. Lawrence River, particularly from the main bedroom on the second floor, this home is a canvas for your imagination. The expansive kitchen invites gatherings and can easily serve as an eat-in space if that suits your fancy. Adjacent to it lies a full bathroom, adorned with a rustic wood ceiling, alongside a separate laundry room. A spacious, unheated room off the kitchen beckons with possibilities, ready to be transformed into a fourth bedroom with a generous closet or a sanctuary of your choosing. The dimensions of this room span 14'6" x 14'5", while the closet measures 14'9" x 8'4". The dining room, conveniently located next to the kitchen, features a cozy pellet stove to ward off the chill, complemented by a mini-split unit for comfort. The living room bathes in natural light, creating a warm and inviting atmosphere. Ascend to the upper level, where three bedrooms await, two of the bedrooms boast ample closet space. An attached garage provides convenient access, leading to an unfinished area above that brims with potential. In the front yard, an above-ground swimming pool with a deck stands ready for summer enjoyment, though the condition of the pool liner remains a mystery. Access to the basement is granted through a hatch on the back porch, as well as from the kitchen—just mind your step! A new propane furnace was installed in April 2024, and both the hot water heater and kitchen appliances are newer models, along with the washer and dryer, which shall also convey. The owner, having once utilized this property as a rental, seeks to part ways with the burdens of tenancy, residing out of state and seller is VERY MOTIVATED TO SELL. This property is offered AS IS, inviting you to envision its bright future.
Property Information
Lot Size
1 acre(s) square ft
Property Type
Residential-Single Family Residence
Year Built
1882
MLS Number
--
Location
Address
10636 SH 37
City
Lisbon
State
NY
Zip Code
13658
County
SAINT LAWRENCE
Listing
Name
Phone
(315) 323-2407
Office Name
Office Phone
(315) 265-6720
Agent Name
Brenda Moulton
Agency Phone
(315) 265-6720

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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.