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16 Woodstock Lane
New Paltz, NY 12561
$2,500,000
Conventional
Property
Bedroom
4
Bathroom
5
Property Type
Conventional
Square ft
4304
Property Description
Complete privacy and luxury await you on the notable Cragswood Road in New Paltz NY. This lovely home was designed to create memories and sited to take full advantage of privacy. This custom built, craftsman style home is on the market for the first time. The house was crafted to blend understated luxury with classic and timeless finishes which is evident in the exquisite attention to details. There’s a stunning light-filled dining room, and the living room includes a cozy fireplace where cool nights will find you cuddled up. There are gleaming hardwood floors, and a gourmet kitchen, no detail was overlooked in the design. The chef’s kitchen has an oversized center island and high-end appliances which include a 6 burner Wolf stove and a Sub Zero refrigerator. The custom cabinets were made by the local premier cabinet maker, Apuzzo Kitchens. So that the chef is always part of the party, the kitchen flows seamlessly into the living & dining rooms with extra thought put into the added width of the kitchen - there’s plenty of elbow room for the sous chef and guests! Off the kitchen is a conveniently located mud room with 2 large closets- a Hudson Valley essential for the active family. Completing the first floor, beyond the living room, there’s a spacious primary suite or den; you get to decide! Here, you’ll find a full bath, with a soaking tub and separate shower. As you make your way upstairs, you’ll find the primary suite overlooks the gracious grounds. The spa like en-suite has a jetted soaking tub, dedicated shower and dual sinks. The other bedrooms are generously sized, with great views of the property as well. The 1683 sf finished basement is ready for nonstop fun. Whether it’s playing ping pong or pool, watching movies or just hanging out, this space fulfills all your entertaining needs. And, don’t miss the sauna! But making this a truly special property are the grounds which are expansive and beautifully landscaped making the backyard the perfect place to host summer barbeques, relax in nature or simply enjoy long summer days laying by the in-ground gunite pool. Leading outside from the dining room there is a bluestone dining area, a patio sitting area, along with the bluestone patio surrounding the pool. Adding to the special features of 16 Woodstock Ln is the enclosed garden area complete with a self watering system but perhaps the coolest feature, your own sledding hill! In addition to the spacious three-car garage, you’ll find a 2 bedroom guest suite/home office (an additional 920 sq ft) on the second floor, complete with its own full bath, balcony, kitchenette area and of course gorgeous views of the property. For the outdoor enthusiasts, the Rail Trail is just down the road and, at the end of the Cragswood is quick access to the Mohonk Preserve. This perfect getaway, provides a rare opportunity to enjoy all that the Hudson Valley has to offer. Conveniently located to all local hot spots such as Wildflower Farms, an Auberge Resort, Mohonk Preserve, Minnewaska State Park, the River to Ridge trail and Mohonk Mountain House. On 20 acres, this 4 bedroom, 3.5 baths and 5000+ SF of space, is truly a luxurious retreat in the heart of the Hudson Valley. Schedule a private tour today and see for yourself what a truly special home this is.
Property Information
Lot Size
20 acre(s) square ft
Property Type
Residential
Year Built
2010
MLS Number
20240188
Location
Address
16 Woodstock Lane
City
New Paltz
State
NY
Zip Code
12561
County
ULSTER
Listing
Provider
BHHS HUDSON VALLEY PROP-NP, original listing
Name
BHHS HUDSON VALLEY PROP-NP
Phone
(845) 255-9400
Office Name
BHHS HUDSON VALLEY PROP-NP
Office Phone
(845) 255-9400
Agent Name
Donna Brooks

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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.