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202 Sherry Lane
Kingston, NY 12401
$749,000
Conventional
Property
Bedroom
4
Bathroom
3
Property Type
Conventional
Square ft
2278
Property Description
Welcome home to this stately and Zen Mid Century Modern home perched elegantly on a gentle knoll in the highly sought after Uptown Kingston area yet with such a wonderful sense of privacy. You are going to love this 4 bedroom, 3 bath quintessential mid century home that retains so many great vintage features along with all the modern conveniences you crave. Most of the important systems have been replaced or upgraded by the current owner in the last year. There is so much room to roam inside and out, from the double length living room with its gorgeous stone fireplace to the spacious den that holds a cozy woodstove and leads out to the new gazebo. The primary bedroom with its ensuite bath is generously sized and inviting with gleaming oak floors as have the rest of the bedrooms along with the living room and dining room. The spacious and open eat in kitchen is a wonderful pop of color and brightness with a beautiful Verona electric range as its center piece. The outside is truly brought indoors with so many outdoor options from the new gazebo off the den (which also holds a full bath) to the bright sun room off the dining room and the fire pit just outside the kitchen. And the yard is such a delight with 3/4 of an acre of land and lots of mature plantings that enhance the feeling of privacy as the summer unfolds. You'll have plenty of room for a large vegetable garden or two and a pool if you like. A two car garage, full basement and walk up attic all add to the generous spaces this warm home offers.
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
1962
MLS Number
20240890
Location
Address
202 Sherry Lane
City
Kingston
State
NY
Zip Code
12401
County
ULSTER
Listing
Provider
Coldwell Banker Village Green Realty, original listing
Name
Coldwell Banker Village Green Realty
Phone
(845) 679-2255
Office Name
Coldwell Banker Village Green
Office Phone
(845) 679-2255
Agent Name
Mercedes Ross

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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.