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163 Hapeman Hill
Red Hook, NY 12571
$2,200,000
Conventional
Property
Bedroom
6
Bathroom
6
Property Type
Conventional
Square ft
5025
Property Description
Welcome to 163 Hapeman Hill Road, nestled in the scenic landscape of Red Hook. This magnificent custom-built home offers an impressive array of features across its sprawling 3.15-acre estate. Upon entering, you are greeted by a meticulously crafted interior, where attention to detail is evident at every turn. The main residence features a primary bedroom on the first floor, providing convenience and privacy. This serene retreat showcases vaulted tray ceilings and a lavish ensuite bathroom complete with a soaking tub, dual vanities, and two walk-in closets. Private door leads to reveal a tranquil back deck, perfect for enjoying the natural beauty that surrounds the property. Radiant heat flooring permeates throughout the home, ensuring comfort and warmth in every room. The kitchen is a chef's delight, boasting granite countertops, stainless steel appliances, and a breakfast bar for casual dining. Adjacent to the kitchen, the formal dining room exudes elegance with its decorative wainscoting and crown molding. The spacious living room offers a focal fireplace and gleaming hardwood floors, while a separate sitting area provides additional space for relaxation and entertainment. Two separate staircases lead upstairs where you will discover generously sized bedrooms, most accompanied by their own full baths, along with a loft area and office offering versatility for various needs. Descending to the lower level, a finished walk-out basement awaits, featuring a home gym, kitchenette area, and a state-of-the-art theater equipped with Bose Surround Sound for an unparalleled cinematic experience. In addition, an attached five-car heated garage provides ample space for vehicles and storage, ensuring convenience and comfort year-round. Stepping outside, the meticulously landscaped yard is fenced in and enveloped by mature trees, offering a serene oasis for outdoor enjoyment. A large deck overlooks the heated saltwater in-ground pool, inviting you to soak up the sun and take a refreshing dip on warm summer days. Designed for hosting gatherings and creating lasting memories, the backyard boasts a full outdoor kitchen with granite countertops, a covered Pavilion, and a Pool house complete with a full bath changing area, living room, heat and a/c.. Lounge poolside or entertain guests , this outdoor haven provides the ultimate setting for luxurious living. The commercial garage is more than just a space- with its impressive features, including 14-foot ceilings and 12x12 garage doors equipped with remote openings for seamless access & potential for car lift, this garage is designed to cater to a multitude of needs. Whether you're a mechanic, car collector, or workshop enthusiast, this space provides the perfect canvas for your automotive projects. Equipped with heating & plumbing, it's ready for a variety of uses, from routine repairs to ambitious customizations and beyond. In addition, there is a private separate gated driveway that can house an RV, commercial equipment, vehicles, etc. Adjacent to the garage, a spacious open-concept 2-bed/ 1.5 bath apartment awaits featuring radiant heat and central A/C, Kitchen w/Corian countertops a cozy wood fireplace, 3 season room & office. For added convenience and privacy, a separate private enclosed fenced courtyard leads to another finished storage area, offering practicality and seclusion. This is a fantastic opportunity for those seeking to capitalize on rental potential A commuter's delight, just minutes away from the Taconic, Thruway and Train Station. Whether you're seeking a serene escape for relaxation, a luxurious setting for hosting guests, a lucrative business rental opportunity or a family compound, this remarkable property seamlessly blends elegance, comfort, and functionality, providing an unparalleled living experience.
Property Information
Lot Size
3 acre(s) square ft
Property Type
Residential
Year Built
2013
MLS Number
20240346
Location
Address
163 Hapeman Hill
City
Red Hook
State
NY
Zip Code
12571
County
DUTCHESS
Listing
Provider
Keller Williams Realty Hudson Valley North, original listing
Name
Keller Williams Realty Hudson Valley North
Phone
(914) 443-6165
Office Name
Keller Williams Realty HV Nort
Office Phone
(845) 481-2700
Agent Name
Margaret Thorne

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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.

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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.