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113, 119 Hough Rd
Massena, NY 13662
Elizabeth Trego with Trego Realty Group, LLC, original listing - (315) 705-5542
$599,000
Conventional
Property
Bedroom
7
Bathroom
Full: 2, ½: 1
Property Type
Conventional
Square ft
5684 Square Feet
Property Description
It will be a challenge to find another house of this caliber and uniqueness. Sitting back from the road, surrounded by 30 wooded acres with trails, sits this stunning custom built home with over 5,800 square feet of living space that has been retrofitted to be ADA accessible. All doorways are at least 32" inches, some are 36". There is a custom built roll in shower and a wheelchair elevator in the attached 2 car garage to enter the home. Outdoors, the paver patio was redone to include ramps. There is also a lift for the pool. Upon entering this split level home, the upper level invites you into an expansive, open area comprising of the dining room, living room, family room and a sitting area reminiscent of a sunroom with its French doors leading to the multi-level paver stone back patio. The kitchen, with its eat in counter at the island, is large with ample cabinet space and access to the patio area. The rest of the first floor has 4 bedrooms, including the primary bedroom with the ADA en-suite bathroom, a second full bathroom and the laundry room. The lower level is fully finished with a large built in bar area, living room, 3 more bedrooms, one with a massive walk in closet, a half bath, a craft room with built in counter and cabinets and the utility room. Outdoors, at the front of the property is a second garage/workshop. The pool is heated and is lit at night and there is an 8x8 hot tub. The gazebo is massive with two fans and lighting. The lower patio has a firepit to enjoy and you are steps away to 30 acres of wooded trails for all of you outdoor enthusiasts to enjoy it quiet privacy.
Property Information
Lot Size
30 acre(s) square ft
Property Type
Residential-Other
Year Built
1999
MLS Number
--
Location
Address
113, 119 Hough Rd
City
Massena
State
NY
Zip Code
13662
County
SAINT LAWRENCE
Listing
Provider
Trego Realty Group, LLC, original listing
Name
Phone
(315) 842-0266
Office Name
Office Phone
(315) 705-5542
Agent Name
Elizabeth Trego
Agency Phone
(315) 705-5542

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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.