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229 Bone Hollow Road
Marbletown, NY 12404
$2,875,000
Conventional
Property
Bedroom
5
Bathroom
4
Property Type
Conventional
Square ft
4635
Property Description
A stunning barn conversion owned and expanded over a fourteen year period by a notable fashion designer, this upstate compound sits on 6.5 private acres of sundrenched fields and forest. A no cares in the world'' place, the home is beautiful but not precious, it was designed for enjoyment. Downstairs, the living space is cozy and comfortable. There is a Plain English-designed kitchen with a walk-in pantry, a generously sized dining room and a sitting room anchored by a woodburning fireplace. A large mudroom with a built-in wrap around bench and storage sits off to the side and leads one outside. The back wing of the house is comprised of four guest rooms, one ensuite with a soaking tub, and french doors leading outside to a private patio. There is an additional full bath painted a cheerful yellow with an antique clawfoot soaking tub and vintage-inspired taps. The primary suite comprises the newly-built southern wing of the house, entered through a generous, light filled sitting room and a hallway built of west-facing french doors and floor-to-ceiling windows. The primary suite is large and vaulted, with a walk-in closet and a full bath with dark green zellige tile. A private patio with an outdoor shower & cold plunge sits just off the bedroom. The ceiling is vaulted and in the summer, the french doors swing open offering true indoor/outdoor living. A large, steel staircase was constructed to reach the second story from the main living space. The current owners converted the second floor into an expansive, large living space that spans the width and length of the original barn. The ceilings were vaulted to the roofline, high windows added and the entire space painted a tranquil white. French doors were added to the far end, offering a picturesque view of the rolling fields in the back. This space makes for fabulous parties, a tasteful disco ball hangs at center. There is a wood stove in the corner, and the space has been broken into rooms'' with the employment of furniture and rugs a sitting room, an office, a media room. All gorgeous. Truly a statement space. The barn is both beautiful and practical, designed to live comfortably in, a true country home just 2h north of NYC.
Property Information
Lot Size
6 acre(s) square ft
Property Type
Residential
Year Built
1920
MLS Number
151900
Location
Address
229 Bone Hollow Road
City
Marbletown
State
NY
Zip Code
12404
County
ULSTER
Listing
Provider
Gary DiMauro Real Estate, Inc. - Hudson, original listing
Name
Gary DiMauro Real Estate, Inc. - Hudson
Phone
822-0800
Office Name
Four Seasons Sotheby's International Realty -
Office Phone
822-0800
Agent Name
Annabel 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.