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186 Richmond Road
Valatie, NY 12184
Michael Castellano with Gilcrest Properties, original listing - 610-8121
$979,900
Conventional
Property
Bedroom
6
Bathroom
Full: 4, ½: 2
Property Type
Conventional
Square ft
4602 Square Feet
Property Description
Welcome to 186 Richmond Rd, a remarkable family compound nestled in the heart of Hunt Country. The countryside's beauty is matched only by the elegance of the homes that dot the landscape. It's not uncommon for horses to share the road with passing autos, adding charm and tranquility to this rural setting. Surrounded by exquisite estates, this property offers an unparalleled opportunity to experience country living at its finest.Set on 5 pristine acres, this estate is both a retreat and a gathering place, boasting over 4,600 sq ft of living space, plus a finished basement that provides additional room for recreation, hobbies, or guest accommodations. The home includes 6 spacious bedrooms, 4 full baths, and 2 half baths, each featuring gorgeous finishes. The 20-year commercial-grade wood flooring adds a touch of timeless elegance and durability throughout.The property's two fully equipped kitchens cater to all your culinary needs. The first kitchen is a gourmet's delight, featuring sleek quartz countertops and top-of-the-line appliances, perfect for preparing meals that will impress guests. The second kitchen, with its rustic butcher block counters, offers a cozy, informal space ideal for everyday cooking and intimate gatherings.The open-concept layout, complemented by soaring cathedral ceilings, creates an inviting atmosphere perfect for relaxed living and formal entertaining.Designed for relaxation and enjoyment, the home features a hot tub and an indoor heated pool, ensuring year-round leisure. Outside, expansive decks, a fire pit, and a large gathering area are perfect for family reunions, barbecues, or peaceful evenings under the stars.Car enthusiasts will appreciate the large 4-bay garage, an incredible space to showcase prized vehicles in style. This versatile area also offers ample room for a wood workshop, art studio, or any other creative space. With tons of storage above, you'll never run out of room for your belongings.The practical features are equally impressive. A backup automatic generator ensures you're never without power, while the propane fireplace adds warmth and ambiance. High-speed internet keeps you connected in this idyllic country setting. The covered front sitting porch is perfect for taking in the surroundings, whether sipping morning coffee or enjoying the evening breeze.Located just over 2 hours from both NYC & Boston,this property offers a perfect balance between a peaceful retreat and easy access to major cities.
Property Information
Lot Size
5 acre(s) square ft
Property Type
Residential-Single Family Residence
Year Built
1999
MLS Number
--
Location
Address
186 Richmond Road
City
Valatie
State
NY
Zip Code
12184
County
COLUMBIA
Listing
Name
Phone
(518) 610-8121
Office Name
Office Phone
610-8121
Agent Name
Michael Castellano
Agency Phone
610-8121

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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.