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47 Spaulding Lane
Saugerties, NY 12477
$1,975,000
Conventional
Property
Bedroom
4
Bathroom
4
Property Type
Conventional
Square ft
3011
Property Description
Welcome to the absolute dream of upstate living. For a weekend getaway or full-time residence, this unique property offers incredible design, unparalleled privacy, and astounding river frontage and views but is just 5 mins to the village of Saugerties with loads of amenities and under 2 hours to the George Washington Bridge! This mid-century modern gem was given a new life by an award-winning European architectural designer for his private use, with thoughtful details that are a mix of comfortable, serene, and honestly jaw-dropping. The 4-bedroom, 3.5-bath home features a multi-level living space with floor to ceiling windows that let tons of natural light to flood into the space. The main level features vaulted ceilings with a large open eat-in kitchen — with its own kitchen garden courtyard! — and a half bath. Doors lead out to a covered bluestone patio and a second outdoor space strung with fairy lights looking out over the Hudson. A cozy sunken living room with custom upholstery and the original wood stone fireplace with a Wittus stove inset speaks to another time. A custom steel hanging shelf is where you can put your projector for cozy movie nights by the fire. Steps up to the second level bring you to the formal dining area, which also has a doorway out to a series of large decks — with stadium seating in between — for outdoor dining entertaining. The hallway leads to the spectacular primary suite, with a custom king-sized bed and Bisazza bathtub plus more of those priceless river views. Behind a hidden door in the wood-paneled wall, you enter to find a black marble bathroom with Marcel Wanders-designed sinks, an oversized shower with yet more river views, a large walk-in closet, and your own private balcony. This floor also has two generous bedrooms, lots of built-in storage, plus a full bathroom that's partially a remnant of the mid-century past. The lower level has a separate entrance, giving you untold options for a home business, guest accommodations, au pair suite, and more. There's another bedroom, full bathroom, large yoga studio/gym (which could easily be reconverted to a garage), and home office with a meditative zen garden/courtyard. The exterior spaces are where you really get to play and relax in this property! Follow the pathway made up of custom cast circular cement pavers to discover an stunning inground pool surrounded by wood decking with built-in seating and lounge chairs. As you walk down the hill and through the meadow, a hidden gem awaits at the river's edge — a charming simple glass room at the point, built from materials repurposed from the renovation. This magical escape has room to cast a kayak or simply enjoy the peace of the waterfront. This extraordinary home is perfectly private yet conveniently located mins from the village of Saugerties and close to many other great towns: 15 mins to Woodstock, 15 mins to Kingston, 20 mins to Catskill, under 40 mins to Hunter Mountain or Hudson, and just 96 miles from the GWB.
Property Information
Lot Size
17 acre(s) square ft
Property Type
Residential
Year Built
1959
MLS Number
20242111
Location
Address
47 Spaulding Lane
City
Saugerties
State
NY
Zip Code
12477
County
ULSTER
Listing
Provider
Compass Greater NY, LLC, original listing
Name
Compass Greater NY, LLC
Phone
(838) 877-8283
Office Name
Compass Greater NY, LLC
Office Phone
(838) 877-8283
Agent Name
Megan Brenn-white

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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.