Home for Sale at 10 Quaker Lake Rd, Friendsville, PA 18818

10 Quaker Lake Rd
Friendsville, PA 18818

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Property Details

List Price:	$749,000
Beds:	7
Baths:	5
Status:	Active
SqFt:	6700
Agency:	MICHAEL DEROSA EXCHANGE LLC

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Description/Comments

Lot Size:	1 acre(s)
Property Type:	MultiFamily
Year Built:	--
Notes:	Built in 1850, it has served as a post office, a stagecoach, and an inn. Now it is a destination spot for those looking for delectable food, cold beverages, live music, and comradery. The place? The Choconut Inn of Friendsville, Pennsylvania. Situated at the corner of Quaker Lake Road and Route 267 in Friendsville and located only minutes from the New York border, the Choconut Inn is famous for its incredible food such as its half-pound burgers, pizza, wings, and dinner specials drawing in crowds of locals, Broome County residents looking for a filling meal, and those who vacation at the nearby lakes during the summer months. However, there is more to the Choconut Inn than its 3,000 square foot restaurant and bar. Located directly above the restaurant and bar is a 3,000 square foot inn which would need some updating but would certainly bring in additional income.The Choconut Inn, which sits on a two acre property also boasts a 6,000 square foot entertainment venue with a 34 foot by 16 foot stage and plenty of indoor and outdoor seating space. The entertainment venue not only hosts live music and entertainment, but can also be transformed into a lovely wedding venue with a rental fee of $2,500 to $5,000 per day of use. Imagine updating the inn above the restaurant and turning it into a true wedding destination where the wedding parties could get ready for the ceremony and even stay the night before or night of the wedding. The possibilities are endless and with a more hands-on owner, the Choconut Inn could host a wedding, sleep guests, and even cater a wedding meal all in addition to serving regular customers of its restaurant and bar. The owner of the Choconut Inn, has decided to retire and is asking a reasonable price for his historic gem which operates as a restaurant, bar, music venue, and wedding venue. Included in the sale of Choconut Inn is all equipment and furnishing. If you're interested in owning this iconic property and popular venue located at 10 Quaker Lake Road in Friendsville, PA, now is the time to act.
MlsNumber:	11185988

Listing Provided By:	MICHAEL DEROSA EXCHANGE LLC, original listing
Name:	MICHAEL DEROSA EXCHANGE LLC
Phone:	(212) 757-1550
Office Name:	MICHAEL DEROSA EXCHANGE LLC
Office Phone:	(917) 727-1330
Agent Name:	Michael DeRosa
Disclaimer:	Copyright Â© 2024 My State 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.

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