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4317 Route 23
Hudson, NY 12534
Paul Barrett with Houlihan Lawrence Inc., original listing - 751-4444
$7,330,000
Conventional
Property
Bedroom
7
Bathroom
Full: 7, ½: 1
Property Type
Conventional
Square ft
5165 Square Feet
Property Description
Unique opportunity. Private family compound or pampering hospitality venue minutes from downtown Hudson!. Exquisite estate on 100 park-like acres with historic 6000SF manor house, 2100SF guest cottage and a cavernous 7,000 SF Barn structure. History shows that the famed Hudson River artist Frederic Church participated in the siting and construction of this impressive house which is a located near his own renowned masterpiece, Olana. The manor is an elegant, three story, stick style home with Catskill Mountain views and sunsets right out of the paintings themselves . Lovingly restored, the house has 7-Bedrooms (all with ensuite baths), spacious wrap around porch, floor to ceiling double front doors, impressive foyer with sweeping mahogany staircase, soaring 15 foot ceilings, hardwood floors and a swoon-worthy dining room off the foyer with a carved working fireplace, floor to ceiling windows, the largest is a Western facing mammoth plate glass window offering a masterpiece Catskill Mountain view. The kitchen is large and features a preserved red brick fireplace with woodbox. The first floor has high ceiling parlor rooms for libraries, music or winter gathering by a fire. There is a primary bedroom on the first floor wing with spa-worthy ensuite bathroom. This recently added wing provides an ADA compliant entrance off of a deck with a ramp. The storybook Guest Cottage, constructed in 2002, is ideal for caretaker or additional house guests, features a large open floor plan with 2-bedrooms each one with an ensuite baths. The easily customizable Pole Barn building offers endless opportunities as an entertainment venue, restaurant, private sports arena, gymnasium, art gallery space, vintage car collection display, etc. The long, winding entrance drive uphill leads to captivating walking trails, protected woodlands, picturesque stone walls and sweeping views in all directions. A mere two hours from New York City and minutes from the creative and entrepreneurial excitement of Hudson, New York and the Amtrak station. If you're in need of a private compound with room to grow that is steeped in the rich history of the Hudson Valley, this is a gem. It's reputation as a boutique hotel and wedding hospitality venues make it a strong choice to further grow a branded experience . And, the 100-acre parcel provides the perfect canvas for added expansion and development near Hudson!
Property Information
Lot Size
100 acre(s) square ft
Property Type
Residential-Other
Year Built
1875
MLS Number
--
Location
Address
4317 Route 23
City
Hudson
State
NY
Zip Code
12534
County
COLUMBIA
Listing
Provider
Houlihan Lawrence Inc., original listing
Name
Phone
(518) 751-4444
Office Name
Office Phone
751-4444
Agent Name
Paul Barrett
Agency Phone
822-0300

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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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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.