Home for Sale at 3881 Dutch Hollow Road, Ellery, NY 14701

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3881 Dutch Hollow Road
Ellery, NY 14701

Thomas Turner with Century 21 Turner Brokers, original listing - (716) 763-7506

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Property Details

List Price:	$975,000
Beds:	6
Baths:	Full: 4, ½: 1
Status:	Active
SqFt:	5676 Square Feet
Agency:	Century 21 Turner Brokers
Agency Phone:	(716) 763-7506

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Description/Comments

Lot Size:	13 acre(s)
Garage:	Garage
Property Type:	Residential-Single Family Residence
Year Built:	2000
Notes:	This impressive 5,676 sqft home showcases 6 bedrooms and 4.5 bathrooms. The main level features an expansive master suite with a luxurious bathroom and spacious walk-in closet, adjacent to a first floor bedroom(current office). A welcoming family room with a wet bar complements the eat-in kitchen, with beautiful 10 foot vaulted ceilings, and custom woodwork throughout. The kitchen is complete with a butlers pantry, making storage no problem. Upstairs, a bonus space, and 3 bedrooms. Two connected by a Jack and Jill bathroom, while the third enjoys a private bath. Both have been updated with quartz and granite counters. The basement offers a beautiful in law suite style feel with a full kitchen, a laundry room, a large bed and bath, accessible from both in and outside. The home has been updated with new carpet and LVT. Outside, a spacious patio and porch overlook the beautiful landscaping, and 3 peaceful stocked ponds, and one with koi fish. There are two substantial barns(25'x33') finished with concrete, electric and alarmed, and the other(40'x30' with 2 12ft overhead doors) with spray foam insulation and equipped with radiant floor heating, for plentiful storage.
MlsNumber:	--
ListingId:	R1550332

Listing Provided By:	Century 21 Turner Brokers, original listing
Phone:	(716) 763-7506
Office Phone:	(716) 763-7506
Agent Name:	Thomas Turner
Disclaimer:	Copyright © 2024 New York State Alliance of MLSs, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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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.

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.

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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.

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