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23 Chestnut St
Potsdam, NY 13676
Amanda Fiacco with Fiacco Realty, LLC, original listing - (315) 854-7529
$323,000
Conventional
Property
Bedroom
5
Bathroom
Full: 3, ½: 1
Property Type
Conventional
Square ft
3226 Square Feet
Property Description
This beautiful, well maintained 5 bedroom, 3.5 bathroom Victorian home with lovely woodwork throughout, a finished third story, a second story laundry room, central air conditioning, a wrap around covered porch, a large back deck, a paved driveway, a heated office space above the carriage house and more is ready for it's new owners. As you enter the front door of the home into the foyer, you will see the lovely staircase, hardwood floors and wood trim. To the right you will see one of the living rooms that could also be an office, a playroom or a 6th bedroom. Then you will enter the other spacious living room. There are two sets of french doors for the two archways in the living room in the garage in case the new owner would like to put them back up. Then you will enter the dining room with room for a large table and chairs. There is also a door that leads out to the front porch. There is a built in cabinet in the dining room as well. Off the dining room is the spacious kitchen with plenty of cabinets and countertop and a large island with seating. There is a sliding glass door that leads out to the large back deck from the kitchen. There is also a mudroom area off the kitchen with a great space to hang your coats. There is another door that leads to the back deck also. There is a second staircase to the second story in the kitchen also. There is a full bathroom on the first floor for your convenience. On the second floor you will find the primary bedroom with a full bathroom. There are three more bedrooms on that floor also. You will also find another full bathroom with an amazing laundry area with a washer and dryer, lots of cabinets and a large laundry sink. There are two staircase to the third floor also. On the third floor you will find a wonderful large space that could be another living room, a playroom, a workout room, an office or another bedroom. There are built in shelves, reading nook areas and recessed lighting. Off that room is another bedroom with a half bathroom. The second staircase to the third floor is in that bedroom. One of the previous owners had removed all of the moldings and doors in the house to have the original lead paint removed. Now most of the doors and moldings are a natural wood finish. The age of the roof is about 11 years, central air compressor 9 years old, furnace is 6-7 years old. This home had been recently painted and the deck replaced before the current owners bought the home. You will enjoy spending time on either the covered front porch, the large back deck or the lovely yard. The two car garage has a second story. The first part of the second story is storage space but could be made into living space. The front half of the second story is a heated space that was used as a home office. There are built in shelves and a monitor heater to keep you warm. This lovely home is within walking distance to restaurants, stores, the movie theater, SUNY Potsdam and Clarkson and is ready for new owners, so schedule your showing soon!
Property Information
Lot Size
0 sqft square ft
Property Type
Residential-Single Family Residence
Year Built
1893
MLS Number
--
Location
Address
23 Chestnut St
City
Potsdam
State
NY
Zip Code
13676
County
SAINT LAWRENCE
Listing
Name
Phone
(315) 261-9809
Office Name
Office Phone
(315) 854-7529
Agent Name
Amanda Fiacco
Agency Phone
(315) 854-7529

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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.