Home for Sale at 390 Cemetery Road, Damascus, PA 18415

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390 Cemetery Road
Damascus, PA 18415

Lynne Freda with Matthew J. Freda Real Estate, Inc., original listing - (845) 887-5640

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Property Details

List Price:	$389,000
Beds:	3
Baths:	Full: 1, ½: 1
Status:	Pending
SqFt:	1112 Square Feet
Agency:	Matthew J. Freda Real Estate, Inc.
Agency Phone:	(845) 887-5640

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Description/Comments

Lot Size:	29 acre(s)
Garage:	Garage
Property Type:	Residential-Single Family Residence
Year Built:	1900
Notes:	Grab your slice of country living while you can! It's rare to find an updated farmhouse with original details on nearly 30 acres of lush fields and nice woods. This 3 BR/1.5 bath home is located on a quiet road in Damascus, PA, just 5 minutes from trendy Callicoon, NY and the Delaware River. The covered porches beckon you inside to see the gleaming wood floors and sturdy brick fireplace. There's an updated kitchen, DR, LR, half bath and a bedroom on the main level. Upstairs find 2 more bedrooms and a full bath. But you may want to spend most of your time outdoors enjoying the land, great views and loads of wildlife from your back deck and porch. This is an outdoor enthusiast's dream! Acres of native plants and trees. Hike, hunt, ride your ATVs or horses, garden, raise chickens... the possibilities are endless with property like this. Added incentive: property has not been logged recently, and there are many valuable cherry, maple and other hardwoods on the property. Make some money while creating lighter woods! Property is in the PA Clean and Green program for lower taxes, too, so continue with that for added savings! There's a nice 2-story barn with electricity, a 1-car garage w/workbench and 2 sheds to assist in your outdoor endeavors. You're away from it all but so close to everything! Honesdale, PA with larger stores is just 30 min. away. Unique opportunity to have it all!
MlsNumber:	--
ListingId:	PW-243405

Listing Provided By:	Matthew J. Freda Real Estate, Inc., original listing
Phone:	(845) 887-5640
Office Phone:	(845) 887-5640
Agent Name:	Lynne Freda
Disclaimer:	Copyright © 2025 Pike/Wayne Association of Realtors MLS. 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.

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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.

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