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29 Three Sisters Road
Saint James, NY 11780
$850,000
Conventional
Property
Bedroom
4
Bathroom
3
Property Type
Conventional
Square ft
2485
Property Description
Welcoming 1847 quintessential farmhouse classic located in the Head of The Harbor Village. One-of-a-kind beauty has original hard pine flooring that will delight any buyer looking for something extraordinary. Enter from your wrap-around porch through the double front doors to hand-hewn century-old wood beams flanking the ceiling and walls. Original wood-burning fireplace and designer accents throughout will surely amaze you. Updated kitchen includes designer tile accents, farmhouse sink & new Viking Stove. Bright and open dining area flows off the kitchen with custom built-ins for storage galore. Incredibly inviting family room wows you with its double-door glass entry, custom tray ceiling and woodwork throughout and gorgeous triple window seating area overlooking manicured yard w/6 zone IGS. First-floor master ensuite is complete with tray ceiling, cozy window seat and new custom bath with designer touches. The second bedroom boasts generous closet space with close access to a second full bathroom. Upstairs, are two additional bedrooms, a third full bathroom with another stackable washer/dryer plus a room made for crafters or home office. Lower level, accessible from family room could be a supplemental living area, playroom or den, along with an adjacent laundry room. Outside, enjoy the custom landscaped gardens with specialty trees, generously sized 327 sq ft shed with 30 AMP electric, custom electric retractable awning and stamped concrete patio. Modern elements like Cental Air, Central Vac, whole house generator, Andersen windows (many with custom window treatments), New H20 heater, and surround sound, while maintaining its historic details, like dutch-doors, antique glass window in the mudroom and original door hinges and knobs. Truly distinctive property will surely delight. Village taxes 1285.62.
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
1847
MLS Number
3542671
Location
Address
29 Three Sisters Road
City
Saint James
State
NY
Zip Code
11780
County
SUFFOLK (NORTHWEST)
Listing
Provider
Keller Williams Realty Elite, original listing
Name
Keller Williams Realty Elite
Phone
(516) 795-6900
Office Name
Keller Williams Realty Elite
Office Phone
(516) 795-6900
Agent Name
Kristen Moriarty

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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.