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77 Beaver Hill Road
Windham, NY 12496
$2,100,000
Conventional
Property
Bedroom
5
Bathroom
4
Property Type
Conventional
Square ft
4890
Property Description
The Catskills home of a renowned Manhattan architect has come on the market - are you sitting down? It's fabulous. Set on over four acres off a private road that borders the protected Bataviakill Watershed in Windham, the 4890 Sqft home is connected to a 3-bay garage by a covered walkway, a modern interpretation of a New England covered bridge, that frames the grand views of Windham Mountain's slopes which originally attracted the home's creator to this special property. The exterior of the home is perfect for entertaining- with 2,200 ft of tiered decks, patios, and meticulous landscaping that enhances the beauty of the home and the setting. The inside is lush with detail. A cozy sunken living room offers a 2-story wall of windows and a beautiful stone fireplace as its focal point. Wood details (cherry on the main floor,douglas fir beams, and cedar on the lower floor) warm the walls and ceilings throughout and comprise built-ins that serve as decorative elements and storage. Wide stairways to the lower and upper floors make the already spacious home feel larger. Off the living room is a formal dining area and a warm and welcoming u-shaped kitchen (a cook's dream!) that offers the same view as the living room. The architect considered the many ways the house might be used - from entertaining, to carving out private time, from play, to getting in some exercise. There's a curved family room that's big enough to host a party but decorated with wood and a cozy woodstove for year-round hygge. There's an office, a gym/recreation room, a cedar closet, and a billiards/game room on the lower floor. With one en suite bedroom on the main floor and 4 bedrooms on the second floor (including a primary suite with a private sitting room and balcony), there's space for everyone here. This is an incredible opportunity to own what might be the perfect mountain home just a few hours outside the city - seize it. The total sqft includes the 458 sqft finished basement.
Property Information
Lot Size
4 acre(s) square ft
Property Type
Residential
Year Built
1996
MLS Number
151373
Location
Address
77 Beaver Hill Road
City
Windham
State
NY
Zip Code
12496
County
GREENE
Listing
Provider
Coldwell Banker Village Green Realty, original listing
Name
Coldwell Banker Village Green Realty
Phone
(518) 734-4200
Office Name
Coldwell Banker Village Green - Windham
Office Phone
(518) 734-4200
Agent Name
Regina Tortorella

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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.