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12 Jacob Strasse Road
Windham, NY 12496
$1,950,000
Conventional
Property
Bedroom
5
Bathroom
6
Property Type
Conventional
Square ft
5500
Property Description
'Peak View House' is a stunning contemporary modern mansion with grand open views of Windham High Peak and the surrounding mountains. This beautifully appointed home offers approx. 5,500 sf of living space across 3 light-filled floors. Additionally, the property features a remarkable 2,000 sf of workshop/studio/garage space, offering multiple uses. All of this on over 3 acres with private tennis court, landscaped gardens, and pond. This year-round home has been impeccably maintained and recently renovated with new custom kitchen, central air, and ash wood flooring throughout.Sweeping around the side of the house, one arrives at the grand entrance with its heated Bluestone porch and double height entrance foyer. Upon entering, the open plan main floor leads to the living / family room with towering fireplace, skylights, French windows, and the extensive deck beyond. The light and views are astounding. The kitchen and dining room flow seamlessly from the living room providing a discrete area for further socializing. Features include Bertazzoni and Sub-Zero appliances, quartz countertops, and custom cabinetry. The main floor is completed with a half bath and spacious office. The bespoke staircase, framed by a wall of glass, makes a stunning architectural feature.The secluded primary suite on the upper floor is reached by crossing the sun-drenched landing. Upon entering, one is greeted by more stunning views from the private lounge with its own fireplace. A sunken bedroom with abundant built in wardrobe/storage, and luxurious Calcutta marble bathroom with radiant heat complete this grand suite. Additionally there are two generous bedrooms with ensuite bathrooms, skylights, and ample storage.The private lower floor contains two further expansive bedrooms with their own walkout terrace and bathroom. This floor has its own family room and fireplace, along with a sauna, shower, half bath, laundry, wine storage and direct access to the private tennis court. Lovingly built by the current owners for their family's year-round enjoyment, the house is a masterpiece of design and comfort. Selected for its location and breathtaking views, 12 Jacob Strasse Rd offers supreme privacy and yet is only a 5-minute drive to Ski Windham, restaurants, golf, and the many seasonal activities beyond. Less than a 2.5 hour drive from NYC, Windham is enjoying an all-season renaissance noted by all the recent investment in the area.
Property Information
Lot Size
3 acre(s) square ft
Property Type
Residential
Year Built
1988
MLS Number
151525
Location
Address
12 Jacob Strasse Road
City
Windham
State
NY
Zip Code
12496
County
GREENE
Listing
Provider
Tri Hudson Realty, LLC, original listing
Name
Tri Hudson Realty, LLC
Phone
697-0010
Office Name
Tri Hudson Realty, LLC
Office Phone
697-0010
Agent Name
Robert Huston

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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.