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4076 State Highway 37
Ogdensburg, NY 13669
Erin E Meyer with Meyer Real Estate LLC, original listing - (315) 323-1293
$425,000
Conventional
Property
Bedroom
3
Bathroom
Full: 2
Property Type
Conventional
Square ft
1161 Square Feet
Property Description
Classic Farmhouse established in 1870 on 10 acres with multiple outbuildings, a stream, apple trees and more. This homestead has been meticulously maintained both inside and out to include the barns and outbuildings all in pristine condition with improvements over the years and ready to be used …all credited to the owners and the love and pride they have for this property. Boasting 10 acres of peace & quiet, nature & wildlife, there are gardens, wildflowers, large open meadows & wooded areas which gives you a perfect property that is not only diverse but usable. When driving up the long paved drive, you will be impressed by the simplicity offered. Detached two stall garage, a small barn that was previously a chicken coop, 2 outbuildings & a massive barn that is 28X54 with a 28X42 section off the back compete with a hay mow, multiple storage areas and a large lean-to off the back…., the current owners have done all the necessary updates and improvements and then some to allow this home to be the offering that it is today. Large living areas with original woodwork and moldings found throughout and a new full bath on the main level that has never been used. Mudroom with new stackable washer/dryer , large kitchen with breakfast area, double living room and enclosed porch and large storage room off mudroom. All three bedrooms are on the second floor and there is a full bath with tub, shower combo and small landing area at the top of the stairs. Large wraparound deck on the back of the house and small covered porch with side entrance.
Property Information
Lot Size
10 acre(s) square ft
Property Type
Residential-Other
Year Built
1870
MLS Number
--
Location
Address
4076 State Highway 37
City
Ogdensburg
State
NY
Zip Code
13669
County
SAINT LAWRENCE
Listing
Name
Phone
(315) 323-1293
Office Name
Office Phone
(315) 323-1293
Agent Name
Erin E Meyer
Agency Phone
(315) 323-1293

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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.