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2221 Us Route 9
Kinderhook, NY 12106
William Laraway with Val Kin Properties, LLC, original listing - 229-9106
$979,000
Conventional
Property
Bedroom
4
Bathroom
Full: 4, ½: 1
Property Type
Conventional
Square ft
4500 Square Feet
Property Description
A beautiful Dutch door leads you to a generous center hall with circular staircase and access to a huge living room and dining room both with brick hearths, one for wood, the other is propane. A large upgraded kitchen with windows overloooking fields and horse farm. Much originialcabinetry and molding with recessed window sills remain. Stainless appliances, granite counters.and abundance of storage. There are two downstair bedrooms, one including a beautiful updated suite with walk in closet. A spacious sunroom area enhances the large open entertainment room with much light and walls for art work.Called Tory House, it is on the NYS Registry of historic places, It is an example of a brick Dutch Colonial with gambrel-roof. Build 1758-76 in the village of Kinderhook, just 120 miles from Manhattan.The second floor has two more large bedrooms, a fourth fireplace with another updated bathroom. it is here you will be in admiration for the original wide pine wood floors and enjoy higher than normal headspace.A former barn now serves as a studio/media room for gatherings with a loft two storys high, it includes a bath and kitchenette, with storage. This can be a wonderful place for guests and family with 1200 sq ft to enjoy.
Property Information
Lot Size
0 acre(s) square ft
Property Type
Residential-Single Family Residence
Year Built
1758
MLS Number
--
Location
Address
2221 US Route 9
City
Kinderhook
State
NY
Zip Code
12106
County
COLUMBIA
Listing
Name
Phone
(518) 229-9106
Office Name
Office Phone
229-9106
Agent Name
William Laraway
Agency Phone
229-9106

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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.