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4001 Sulger Rd.
Brookville, PA 15825
Benuel Esh with Keller Williams Elite, original listing - (717) 553-2500
$6,549,000
Conventional
Property
Bedroom
--
Bathroom
--
Property Type
Conventional
Square ft
--
Property Description
With land available adjacent to and on both sides of I80, one of the most important shipping arteries on the east coast with its NYC to Chicago connection, the size of this tract offers a rare opportunity for a large scale distribution center, manufacturing, or warehouse facility. Or, tap into the increasing draw of the PA Wilds with a recreational attraction. Sellers are open to a wide variety of land configurations including selling much more than the advertised acreage, up to potentially the entire 4,600+ acres in this location. And with land on both sides of I80, there may be an opportunity to have an exit come off I80 right onto Sulger Rd and the land for sale which would open up a practically endless amount of opportunity. Note that sellers have not verified that this will be practical, but they own the land necessary to make it possible. The majority of the land is wooded, and varies from flat/gently rolling, to some steep and wetland areas. Current uses on entire 4,600+ acres include a 400+ acre solar array in the works, multiple cabins, and endless fishing, hunting, and ATV riding. With nearly two miles of highly visible I80 frontage, the possibilities here are only limited to your imagination! The local municipality, Pine Creek township, does not impose any zoning restrictions on the property.
Property Information
Lot Size
187 acre(s) square ft
Property Type
Land-Other
Year Built
--
MLS Number
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Location
Address
4001 SULGER RD.
City
BROOKVILLE
State
PA
Zip Code
15825
County
JEFFERSON
Listing
Name
Phone
(717) 553-2500
Office Name
Office Phone
(717) 553-2500
Agent Name
Benuel Esh
Agency Phone
(717) 553-2500

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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.