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2657 Route 23
Hillsdale, NY 12529
$739,000
Conventional
Property
Bedroom
3
Bathroom
Full: 1, ¾: 1
Property Type
Conventional
Square ft
2057 Square Feet
Property Description
Purchased by the Foster family in 1790, this property encompassed the majority of what is now the Historic Hamlet of Hillsdale. Sited in the center of the Hamlet, this Greek Revival home, built in 1810 by Isaac Foster, who inherited the land from his father. Prior to 1790, the property was in the family of Catherine Van Renssalaer Schuyler - mother-in-law of Alexander Hamilton. The home has been recently renovated to preserve its historic value as the third oldest house in town.With its large backyard and mature trees, the property was fully restored to respectfully celebrate its grandeur and elegance. This designer-ready, stylish farmhouse offers a unique opportunity to anyone wanting a turnkey property in the majestic Hudson Valley. The renovation included a new dual-zoned centralized heat and cooling systems, new plumbing, electrical wiring, water heater and furnace, structural re- stabilization, and a replaced roof. All new appliances were installed, including an upstairs laundry space with stacked Samsung washer and dryer. The walls, plaster and paint have been fully re-finished. Antique glass was used to restore the period windows, and original wood flooring was kept and restored to offer warm and cozy interiors. Upon entering, there are warm oak floors, view of both the living-room and formal dining room, windows' with unique casings, an example of Greek Revival design, and the fireplace features two original miniature carved Greek friezes guarding either end of the mantel.The spacious kitchen, a walk-in pantry, granite countertops, new Bosch appliances, and informal dining space. Carrara marble in both bathrooms with a full suite of traditional-styled fittings. The primary suite features a vanity set, soaking tub, separate shower. There can be up to 4 bedrooms, (including a first-floor mother-in-law style apartment with private entrance and bathroom with a shower). The home offers a flexible floor plan for use as a residence, a business, or dual use - the building is zoned as both commercial and residential.Situated halfway between Hudson, NY and Great Barrington, MA, walking distance to amenities of Hillsdale Hamlet, a general store, florist, kitchen store, brewery, restaurants, coffee shops, and grocery store with wine shop. Catamount skiing, hiking trails, lakes, and walkable access-point to the Rail Trail.
Property Information
Lot Size
0 acre(s) square ft
Property Type
Residential-Single Family Residence
Year Built
1780
MLS Number
--
Location
Address
2657 Route 23
City
Hillsdale
State
NY
Zip Code
12529
County
COLUMBIA
Listing
Name
Phone
(518) 822-0800
Office Name
Office Phone
822-0800
Agent Name
Pamela King-Belfor
Agency Phone
822-0800

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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.