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47 Eastview Lane
Red Hook, NY 12571
$1,325,000
Conventional
Property
Bedroom
4
Bathroom
7
Property Type
Conventional
Square ft
6195
Property Description
47 Eastview Lane is grand and expansive, yet comfortable and intimate at the same time. Nestled on over 6 private acres in the picturesque landscape of Red Hook, NY, this is a rare opportunity to purchase a beautifully sited estate in the Hudson Valley. This magnificent property offers unparalleled views of the majestic Catskill Mountains, providing a serene backdrop for luxurious living. Featuring 4 bedrooms, 5 full and 2 half baths, and an exceptional amount of living areas across 3 floors, this home offers space for gracious living and entertaining. As you enter the front doors, you are greeted by a grand foyer with double staircases that set the tone for the elegance and sophistication to be found throughout the house. The spacious living areas are adorned with high ceilings, large windows, and exquisite finishes, creating a sense of luxury and tranquility. The heart of the home is the chef’s kitchen, equipped with top-of-the-line appliances, custom cabinetry, and a large center island. Whether you are hosting for 2 or a lavish dinner party, this kitchen is sure to impress even the most discerning chef. This extraordinary residence also includes generously proportioned bedrooms with en-suite baths, 3 interior gas fireplaces, a home office or study well-suited for remote work or leisure, oversized windows throughout allowing for abundant natural light, an attached 3 car garage, and so much more! Outside, step into your own private oasis where an in-ground saltwater pool, hot tub, and outdoor entertaining area complete with a wood burning fireplace awaits. Surrounded by lush landscaping and breathtaking year-round mountain views, this exterior space is ideal for relaxation and recreation. Don’t miss your opportunity to own this exquisite estate set in the unsurpassed natural beauty the Hudson Valley offers.
Property Information
Lot Size
6 acre(s) square ft
Property Type
Residential
Year Built
2011
MLS Number
20240327
Location
Address
47 Eastview Lane
City
Red Hook
State
NY
Zip Code
12571
County
DUTCHESS
Listing
Provider
Corcoran Country Living, original listing
Name
Corcoran Country Living
Phone
(845) 684-0304
Office Name
Corcoran Country Living
Office Phone
(845) 684-0304
Agent Name
Felicity Taylor

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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.