Home for Sale at 61-55 98th Street, Rego Park, NY 11374

61-55 98th Street
Rego Park, NY 11374

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Property Details

List Price:	$515,000
Beds:	3
Baths:	2
Status:	Active
SqFt:	--
Agency:	Keller Williams Landmark II

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Description/Comments

Lot Size:	--
Property Type:	Residential
Year Built:	1960
Notes:	Sun Splashed Pet Friendly* 3 Bed/2 Bath + Balcony Co-op For Sale in Prime Rego Park! Upon entering your new home, you'll marvel at how welcoming the open layout and large windows will make you feel. This sun drenched and sprawling space boasts an airy and light atmosphere offering you a respite from the hustle and bustle of city life. The customizable living/dining space is a budding designer's dream with plenty of room for an oversized couch, a large dining table, and various pieces of furniture to impress and entertain your guests. Seize the day as you sip on your morning coffee while enjoying your southwest facing balcony or enjoy the brilliant city lights as you unwind with a glass of wine at the end of a long hard day. Outdoor spaces are a luxury in our fair city! The Primary Bedroom has an Ensuite Bathroom and an OverSized Closet, while the other two bedrooms offer enough space for Queen Sized Beds in each. Five closets in total located throughout the apartment add to the comfort. While the windowed kitchen is equipped with a dishwasher and boasts plenty of storage and counter space, the potential to modernize it and both bathrooms has been baked right into the price! **Furniture included with the sale of the home! Located in the well regarded Park City Estates Co-Op Complex in Rego Park, 61-55 (or as residents and management call it Building 5) offers a Part Time Doorman (7AM to 11PM), laundry facility, storage spaces for rent (wailtlist), and a parking garage (also waitlist). The complex itself is comprised of 5 buildings all well maintained with security, supers, and porters working to maintain the grounds and the pleasant lifestyle Park City Estates is known for. Nearby there are multiple playgrounds and parks to enjoy with Flushing Meadow Park a mere 5 minute drive away. Enjoy the various shopping and dining offerings at Rego Park Center Mall, conveniently located just two blocks over, and of course Queens Blvd is home to everything from grocery stores to clothing stores. Commuting is easy with the 63rd St R Train Station just a few blocks away and various buses including the Manhattan express bus stop are located right on the corner. Ease of access to the Long Island Express will get you to both JFK and LaGuardia, to Long Island. Manhattan, and anywhere else you want to go in no time. At Park City Estates, the world is at your fingertips! While the building does welcome pets there are some breed restrictions for dogs. Please inquire. Service animals are of course always welcome.
MlsNumber:	3553466

Listing Provided By:	Keller Williams Landmark II, original listing
Name:	Keller Williams Landmark II
Phone:	(347) 846-1200
Office Name:	Keller Williams Landmark II
Office Phone:	(347) 846-1200
Agent Name:	Mark Cisneros
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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