Home for Sale at 501 Grove Avenue, Patchogue, NY 11772

501 Grove Avenue
Patchogue, NY 11772

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Property Details

List Price:	$975,000
Beds:	3
Baths:	2
Status:	Active
SqFt:	1600
Agency:	Signature Premier Properties

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Description/Comments

Lot Size:	--
Property Type:	Residential
Year Built:	1955
Notes:	One of a kind, enjoy unobstructed endless water views from almost every room in the house. 3 bedroom Ranch just minutes away from downtown Patchogue but directly on the Great South Bay this home is the perfect place to entertain. This home is built to entertain. Dine al fresco on the spacious back deck while watching the sunset. Preparing meals is a breeze in this chef's kitchen! Imagine the 5 Star meals you can prepare on the 8 burner Wolf range complete with a pot filler and skillet. The wine enthusiast will admire the subzero 2 zone wine cooler with 2 refrigerator draws for storage additional refreshments. A Miele dishwasher, subzero refrigerator a large center island complete this package making this a great place to gather. Relaxing by the fireplace in the den while listening to the waves crash just might be your favorite place to wind down after a long day. The abundance of natural light bathes this house with warm glowing ambience, it feels good in it, you will love spending time here. The primary suite has direct bay views with a half bath and a slider out to the deck, jump in the outdoor shower or soak up the sun. This isn't a home, its an oasis of tranquility just ask the Koi. 2 car garage, plenty of parking for guests, a storage room over the garage, hardwood floors, gorgeous updated bath with an amazing shower, and 103 feet of bulkhead on the Great South Bay... take the time to look at this beautiful home and next summer your backyard will be the place everyone wants to be.
MlsNumber:	3495760

Listing Provided By:	Signature Premier Properties, original listing
Name:	Signature Premier Properties
Phone:	(631) 673-3700
Office Name:	Signature Premier Properties
Office Phone:	(631) 567-0100
Agent Name:	Heather Felice
Disclaimer:	Copyright Â© 2024 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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.

Free Foreclosure Listings

USHUD.com is a website that simplifies the process of finding foreclosures and HUD properties. Everyone thinks they are a real estate web surfing pro until they search for foreclosure homes and stumble upon a numerous sites that want to charge a fee to see their listings. With USHUD.com that’s not the case. When searching for HUD properties or a home finding website for foreclosure it is important to know what you are looking for. It is important to use a niche company that specializes in foreclosures like USHUD.com. We have put together 2 tools that have made the real estate search process of our website much easier to navigate. The Homesearch online tool is filled with foreclosure lists and free listings of hud homes for sale. Most of our users start with a broad search with the homesearch online tool to see the most HUD properties and foreclosure lists in your area and narrow their search down with the Homefinder online tool. The homefinder online tool is a custom filter system that we breakdown the area based upon filters such as convention and foreclosure listings. This give you the option to filter out conventional listings and focus on just the foreclosures in the market. We thank you for making us Americas top home finding website for foreclosure and Hud properties. Free listings of hud homes for sale are hard to come by but should always be free and that’s the way things are going to stay on our website.

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.

USHUD.com is a private company not affiliated or associated with or endorsed, authorized, approved, sponsored
or licensed by the US Department of Housing and Urban Development

USHUD.com is an Equal Housing Opportunity

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