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1949 St Hwy 11c
North Lawrence, NY 12967
Melissa Lint with Dufrane Real Estate, LLC, original listing - (315) 769-2446
$119,000
Conventional
Property
Bedroom
3
Bathroom
Full: 2
Property Type
Conventional
Square ft
1457 Square Feet
Property Description
This charming, timeless brick waterfront home overlooking the Deer River was built in 1895 and offers a blend of classic elegance and modern convenience. You will love the large kitchen and living room with the 9 ft ceilings. The kitchen has a gorgeous new beaded tongue & groove ceiling with recess lighting, ceiling fans w/ lights, new wood look laminate flooring throughout the kitchen and fabulous walk-in pantry, some newer appliances and new wiring. It is currently set up with Z Wave smart switches for lighting, thermostat and sensors to make this a smart home; it can all be removed if not wanted. The living room with its unique solid half brick walls, rounded grand archway and large picture window gives this room so much style all on its own. The main floor full bath has been recently renovated also, it is quite spacious. The laundry area is a separate room off the main floor bath, you will love the convenience! The newer washer and dryer convey. There are three (3) second floor bedrooms, two (2) have new wood look laminate flooring and fresh paint on the walls. You will notice that the primary bedroom, complete with an ensuite bath, features a shorter door than typical as you enter; however the owners, who have resided there for 18 years contend that the shorter door is more of a distinctive characteristic of the house than an anomaly. The hot water heater and water softener are only 4 years old. The home has a newer forced air furnace, put in after the natural gas lines were brought through town; it has decreased their heating cost to a budget plan of $65 a month. They also replaced some of the older electric baseboard heaters with new ones, only for additional heating if needed. Since the new furnace the owners have never needed to use them. The stairs leading down to the DRY basement are new. The basement has a finished room that the owner had as an office and a work shop area with outdoor access. Besides the beautifully remodeled mudroom as you enter the front of the house, there is a wonderful covered deck off the back of the house overlooking the Deer River. You can sit and relax to the view and sounds of the water, its quite amazing!! There is also a concrete slab under the back covered deck that the owners once used for their hot tub, it is still wired with everything you would need to be able to hook up one of your own! Though this property is in town, you will truly love the serenity & tranquility that this home has to offer. Even when outside, with its tall private wood fence, you will have all the privacy you desire in your yard while gardening, entertaining or just relaxing!! Don't miss this rare opportunity to be able to live on the water at an affordable price!!!!
Property Information
Lot Size
0 acre(s) square ft
Property Type
Residential-Single Family Residence
Year Built
1895
MLS Number
--
Location
Address
1949 St Hwy 11C
City
North Lawrence
State
NY
Zip Code
12967
County
SAINT LAWRENCE
Listing
Name
Phone
(315) 250-1007
Office Name
Office Phone
(315) 769-2446
Agent Name
Melissa Lint
Agency Phone
(315) 769-2446

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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.