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61 Paige Lane
Moriches, NY 11955
$999,000
Conventional
Property
Bedroom
3
Bathroom
2
Property Type
Conventional
Square ft
--
Property Description
Great exterior architectural design is a prelude to good things to come in this fabulous water-view custom ranch-style home located at the end of a cul de sac in the Windemere Pointe community. Set on a half-acre and flanked by mature landscaping, the property backs to unobstructed and spectacular western-facing water views of Forge River, offering the ultimate in privacy and serenity. As soon as you enter the grand foyer the realization sets in. This is a very special home indeed. The open concept floorplan's perfect design includes an incredible gourmet style kitchen with high-end amenities, new Monogram appliances including a French door oven, and a huge quartz center island. The formal dining room is in just the right spot and includes a double trey ceiling and an inset dry bar area. The living room is spacious and inviting with elevated ceilings, a porcelain tile fireplace flanked by full-height French doors, and incredible water views from every seat! The en suite primary bedroom is roomy and includes breathtaking views, a vaulted ceiling, a full walk-in closet, and office space. Both primary and guest bathrooms have been upgraded with high-end features including custom glass, tile, and vanity work. Truly too much to list, additional value adds include a new roof, three season room overlooking Forge River, custom lighting and sound throughout, impeccable millwork craftsmanship, a large two-car heated garage with added features, a full stair walk-up to huge bonus attic space, a dedicated laundry room and so much more. Under 90 minutes to Manhattan and a short ride to The Hamptons, this home is in the perfect location to avoid traffic and maximize leisure time. Finally, to make your transition seamless, the home comes fully furnished including most of the design elements and accouterments of high-end living.
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
2000
MLS Number
3544633
Location
Address
61 Paige Lane
City
Moriches
State
NY
Zip Code
11955
County
SUFFOLK (EAST)
Listing
Provider
Name
Corcoran
Phone
(631) 288-6900
Office Name
Corcoran
Office Phone
(631) 288-6900
Agent Name
Letticia Lettieri

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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.