Home for Sale at 8701 Shore Road, Brooklyn, NY 11209

8701 Shore Road
Brooklyn, NY 11209

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Property Details

List Price:	$429,000
Beds:	1
Baths:	1
Status:	Active
SqFt:	1000
Agency:	RE/MAX Elite

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Description/Comments

Lot Size:	--
Property Type:	Residential
Year Built:	1932
Notes:	Enjoy living in one of the most sought after buildings on Shore Road! This unit boasts 1000 square feet of pure Art Deco charm. From the massive living space to the soaring ceilings and classic 1930's archways as well as the stunning parquets and floor-to-ceiling walk-in closets, this appealing coop is truly representative of the pre-war period of sophisticated architecture & design. Upon entering you are greeted by a traditional foyer adorned with archways and crown moldings with a fluid layout complete with 2 huge walk-in closets, windows with multi exposures and lovely hardwood flooring. The foyer can easily function as either a formal dining area or home office. The sprawling living room faces Shore Road and has 4 windows to enjoy the stunning sunsets and water views. To say that the bedroom can accommodate a King size bedroom set is an understatement! There is room for all your furniture and still have capacity for a sitting area to read a book or just relax at the end of the day. The huge closets provide maximum storage and organization. The full eat-in kitchen is equipped with ample hardwood cabinetry & counter space, tiled floors, stainless appliances and a separate area near the window which is perfect for a large kitchen table. The windowed bath includes a large tub, separate shower & linen closet. Its neutral tiles & backdrop allow for easy decorating with a myriad of color schemes. The building has recently undergone a lobby renovation and offers many amenities including a live-in super and two laundry/bike rooms. The NYC Express Bus is right outside your front door as are the many beautiful Shore Road Parks. Street parking is very manageable. This is a Dog Friendly building with approval and the maintenance is very reasonable. This apartment is ideal for those looking to downsize from a house.<br /> Please don't miss out on this wonderful place!
MlsNumber:	480896

Listing Provided By:	RE/MAX Elite, original listing
Name:	RE/MAX Elite
Phone:	(718) 690-3900
Office Name:	RE/MAX Elite
Office Phone:	(718) 690-3900
Agent Name:	Stefano Diomede
Disclaimer:	Copyright Â© 2024 Brooklyn New York Multiple Listing Service. 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.

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or licensed by the US Department of Housing and Urban Development

USHUD.com is an Equal Housing Opportunity

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