SPENCER ITHACA, NY 14850

Features

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Facts

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Pre-Foreclosure Info

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Sale Type

This is an REO, meaning this property has been foreclosed on because the owner couldn't meet their payments. The bank now owns this property. Most banks are not set up to own homes, and are often motivated to sell you the home at a discounted price.

Description

You have to see this property. Living here is like being in the country with over an acre lot and surrounded by woods with walking trails right behind the lot, South Hill location between Ithaca College and Cornell University, yet close to downtown and the business district. It will appeal to a family that can live in a two bedroom apartment and rent out the 4 Bedroom side to students from nearby schools or a family needing four bedrooms that could use a little extra income to smooth the way. Independent electrical meters. All electric heat to satisfy the State of NY which doesn't seem to be fond of gas any more. Schedule a showing with your favorite REALTOR at the earliest opportunity. Vacant, so showing is easy, Basics are good. Driveway maintenance and snow removal is shared with two other houses on the hillside. In one word: Unique. In two: Easily affordable. See it soon. Must be bought as a two family dwelling. Selling in as is condition, Cash or rehab financing will work.