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581 Gayhead Earlton Road
Leeds, NY 12451
$3,200,000
Conventional
Property
Bedroom
4
Bathroom
3
Property Type
Conventional
Square ft
2279
Property Description
A quintessential Hudson Valley farmhouse with complete privacy and seclusion offers a respite from the outside world. This 205 acre compound consists of a main house, guest house, caretaker's house and writer's cabin. Enter down a private half mile approach under a canopy of maples and lindens that open to reveal an oasis of rolling hills.At the center, the 1850 gable and wing center hall colonial evokes the World of Interiors with wide board floors and original details. A country kitchen, equipped with Wolf range, Subzero refrigerator, double Asko dishwashers and Shaws farmhouse sinks, connect to the deck overlooking the grounds, ideally suited for entertaining. The living room and parlor are designed for intimate gatherings with friends. Also on the ground floor: An office with a private entrance to the heated conservatory, a mud room, pantry, a petit guest bedroom and a powder room. Upstairs are two more guest bedrooms and the sun flooded primary bedroom with ensuite bath.A late nineteenth century barn has been completely rebuilt into an open plan guest house with 22' a cathedral ceiling and loft bedroom. The climate controlled basement is perfect for archival storage and also contains a 100 ft2 cedar lined walk in closet.Dotted around the grounds are: a 40'x16' gunite pool, a writer's cabin in the woods with heat & AC, and a caretaker's cottage or could be renovated into 2nd guest house, and acres of fields with sweeping panoramic views of the Hudson Valley clear to the Berkshires, perfectly suited for a new building site.Generator for house and guest house. 30 minutes to Hudson or skiing at Windham, 40 minutes from Albany Int'l Airport, two hours from George Washington Bridge.
Property Information
Lot Size
205 acre(s) square ft
Property Type
Residential
Year Built
1850
MLS Number
151773
Location
Address
581 Gayhead Earlton Road
City
Leeds
State
NY
Zip Code
12451
County
GREENE
Listing
Provider
Rouse + Co Real Estate, LLC, original listing
Name
Rouse + Co Real Estate, LLC
Phone
686-4906
Office Name
Rouse + Co Real Estate, LLC
Office Phone
750-0196
Agent Name
Oliver Thiess-Helden

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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.