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877 State Route 443
Schoharie, NY 12157
$699,000
Conventional
Property
Bedroom
6
Bathroom
4
Property Type
Conventional
Square ft
3904
Property Description
Once upon a time, King's Creek Farm was a haven for cows, horses, and pigs, and then an apiary where beekeepers collected and sold their liquid gold in the Honey House. Now, the pastoral scene has evolved, and the rolling fields play host to a charming congregation of sheep - gentle grazers that continue the legacy of the farm's agrarian past. Kings Creek Farm is a dreamy tale of bucolic splendor - an oasis that could truly be anything in the quaint embrace of the sleepy Upstate New York town of Wright. It's the epitome of rustic charm, a homestead replete with the kind of allure that beckons city dwellers and country farmers alike. Circa 1869, the main colonial style farmhouse is an undeniable gem held in the same family for more than 80 years. No maintenance has been deferred or ignored - a completely pristine home awaits its next owner. Throughout you'll find storybook-like original details paired with all the right updates, such as kitchen and bathroom renovations, four propane fireplaces, a metal roof, owned solar panels, and whole home generator. The first floor hosts the main living area, a guest suite, and large kitchen for gathering. Upstairs you'll find a primary suite with soaking tub and walk-in closet, and two more bedrooms. The Honey House, a converted barn charmingly named after its former use, is now a two bedroom, one bathroom guest house. The large, south facing windows heat the house year round, and provide dazzling light on the wide plank floors. The Honey House is complete with metal roof, propane fireplace, its own washer and dryer, as well as a backup generator. The majestic 19+ acre estate is an expansive canvas upon which mother nature herself has artfully composed her symphony in harmony with the several outbuildings of the farm's rich history. Multiple barns dot the landscape: the main barn housing an artist's studio, gym, sauna, 3 bay car garage, and livestock pen, the smoke house, kiln barn, hay barn with stables, two chicken coops, the garden shed, and the Honey House. Utilize these barns as you see fit - the property could truly be anything - perhaps a haven for your farm animals, a venue for soirées, weddings, or concerts, or an artist or wellness retreat at your compound. The town of Wright has opted in to allow both cannabis dispensaries and consumption sites, so the possibilities truly are endless. Wander through the property, and you'll discover the babbling King's Creek meandering through the verdant landscape. The well-tended-to vegetable garden is a source of pride and nourishment for its owner, as well as several flourishing pear, apple, and cherry trees. Two large, fenced pastures are suitable for an array of farm animals with hay coming from the hayfield at the rear of the property. An enchanting Christmas tree farm sprinkles the upper pasture. Imagine strolling through rows of evergreens, handpicking the centerpiece for your holiday celebrations, or hosting a small operation for the local community to go sledding and cut holiday trees. In the wooded portion of the property, you'll find carved out trails for an afternoon walk. And not to be missed: the campsite. A platform built towards the back of the property for a getaway within your own getaway. If you're seeking an idyllic haven that combines rural charm with modern comforts and opportunities abound, this is it. Surrounded by state forests for outdoor activities, this sanctuary is merely a two hour forty-five minute journey from the George Washington Bridge and forty minutes from Albany. The Albany Whole Foods and Trader Joes can be reached in just 30 minutes. The perfect distance - far enough for serenity, close enough for convenience. A rural utopia, if you will.
Property Information
Lot Size
19 acre(s) square ft
Property Type
Residential
Year Built
1869
MLS Number
20242312
Location
Address
877 State Route 443
City
Schoharie
State
NY
Zip Code
12157
County
SCHOHARIE
Listing
Provider
Country House Realty, Inc., original listing
Name
Country House Realty, Inc.
Phone
(845) 985-5116
Office Name
Country House Realty, Inc.
Office Phone
(845) 397-2590
Agent Name
Arlena Armstrong-petock

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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.