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State Route 28
Chestertown, NY 12817
$689,900
Conventional
Property
Bedroom
--
Bathroom
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Property Type
Conventional
Square ft
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Property Description
With 246 acres of undeveloped Adirondack forestland that includes ~ 3/4 mile whitewater frontage on the Hudson River, this unique property is located at The Glen, between Warrensburg and North Creek. It has many potential sites within view and earshot of the Upper Hudson River, on which a home could be situated. The Hudson River Whitewater Property is located within the Town of Chester and zoned for Rural Use. This zoning allows for a single-family home or homes, and the property is subdividable with an Adirondack Park Agency permit. This type of zoning also permits commercial pursuits, such as campgrounds, farms, or equestrian destinations. The property is comprised of four contiguous tax parcels, each under Fisher 480, which offers very low taxes ($2,899/year) for such a large property with extensive Hudson River frontage. The Hudson River is the dominant feature of this property, with easy access for fishing, kayaking, tubing, and rafting on beautiful whitewater. There is also an opportunity to situate your dream home within close proximity of the wild and scenic Upper Hudson River. A 1,260-foot unnamed peak on the property affords commanding views of the Glen and the Hudson River (north and south), as well as peaks across the valley, Dippikill and Gage Mountains, in Thurman & Johnsburg. The Hudson River Whitewater Property has a history of long-term professional forest management which has produced, and will continue to produce, high-quality Adirondack timber and enhanced wildlife habitat. Common tree species include red oak, sugar and red maple, black and yellow birch, white pine, and hemlock. Wildlife often seen moving through the region are black bear, white-tailed deer, coyote, fox, fisher, grouse, migratory birds, various reptiles and amphibians, and, with rare but increasing frequency, moose. This property is well-suited for ATV-riding, equestrian activities, hiking, hunting, and mountain biking. Trails from past forest management activities have improved access into and within the property. There are many beautiful nearby lakes with public access, such as Lake George, Lake Champlain, and Schroon, Brant, & Loon Lakes. There is also abundant State land a short drive from the property in Thurman, Johnsburg, and Warrensburg. Alpine skiing is within easy reach, at Gore Mountain in North Creek (12.5 miles), Hickory Ski Center in Warrensburg, and West Mountain in Queensbury. The property has frontage on State Route 28, a major two-lane highway, Friends Lake Road (County Road 8) and Atateka Road (County Route 74) all paved and year round maintained. Electric is along the frontage of State Route 28 and Friends Lake Road. Electric on Atateka Road is just Warrensburg and Chestertown, both only 8-miles away, offer dining, groceries, automotive repair, hardware & outdoor recreation stores, and all the amenities you may need. Lake George, with its many tourist attractions (dining, Six Flags, children's activities, festivals and more) is just 25 minutes. The Hudson River Whitewater and Mountain property is less than 4 hours from NYC and 2.5 hours from Montreal.
Property Information
Lot Size
245 acre(s) square ft
Property Type
Residential
Year Built
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MLS Number
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Location
Address
State Route 28
City
Chestertown
State
NY
Zip Code
12817
County
WARREN
Listing
Provider
Name
Phone
Office Name
Timberland Realty - Falconer
Office Phone
(716) 962-9935
Agent Name
John Odonnell

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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.