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22 St. Lawrence Crescent
Waddington, NY 13694
Timothy Johnson with America 1 Realty, original listing - (315) 394-1116
$389,000
Conventional
Property
Bedroom
3
Bathroom
Full: 2, ½: 1
Property Type
Conventional
Square ft
2256 Square Feet
Property Description
Watch the big ships and boats traveling the St. Lawrence River as you sip a beverage on the wrap around deck or from most rooms inside. This is a highly sought after area with many newer homes and is centrally located between Ogdensburg, Massena, Potsdam and Canton. This 3-bedroom, 2.5-bath home w/2-stall garage has had many updates in the past six years including flooring, bathrooms, kitchen appliances, composite decking and seamless gutters (detailed list on the PCD). The sale includes two separate parcels of land that extend the backyard, or they could be sold as building lots after you purchase them. The two lots will be sold with the house and not separately. The home is a 2002 Gilcrest Energy Star home and on the main floor is a living room, family room, kitchen, half-bathroom, laundry/utility room and dining/sunroom. The current owners have a dining room table in front of the gas fireplace at the end of the large living room. On the second floor is the master bedroom, the master bathroom with a jetted tub, separate shower; and there’s two more bedrooms and an additional full bathroom. Other features include a circular paved driveway, a fenced garden area and a playset for kids. There’s an on-demand water heater and a water softener connected to the municipal water and sewer service. Natural gas is also a convenient commodity of this home. The Village owns a 60’ wide lot across the road in front of the home to access the river. Call today to schedule a showing!
Property Information
Lot Size
0 sqft square ft
Property Type
Residential-Single Family Residence
Year Built
2002
MLS Number
--
Location
Address
22 St. Lawrence Crescent
City
Waddington
State
NY
Zip Code
13694
County
SAINT LAWRENCE
Listing
Name
Phone
(315) 323-0851
Office Name
Office Phone
(315) 394-1116
Agent Name
Timothy Johnson
Agency Phone
(315) 394-1116

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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.