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763 Old Route 22
Dover Plains, NY 12522
Claudia Jiskra with McGrath Realty Inc, original listing - (845) 855-5550
$3,800
Conventional
Property
Bedroom
4
Bathroom
Full: 4, ½: 1
Property Type
Conventional
Square ft
3088 Square Feet
Property Description
For those seeking the ultimate in charm and comfort, The Preston House, one of the accommodations at the renowned Old Drovers Inn Bed and Breakfast, is now available for year-round rental. This beautifully renovated 3,088 SF colonial blends old-world elegance with modern conveniences, offering a truly unique living experience. Steeped in history, the home features period architectural details throughout, including wide plank flooring, intricate trim and moldings, staircases, and exquisite wood fireplace mantels. The first floor boasts a spacious living room, formal dining room, and a well-equipped kitchen. A cozy library, complete with a back staircase, and a sunporch with brick flooring with access to a private back patio. The highlight of the first floor is the primary suite, a charming retreat with a vaulted and beamed ceiling, a fireplace, an en-suite bath, and direct patio access. Upstairs, each of the three additional bedrooms offers its own ensuite bath, ensuring privacy and comfort. Outdoors, the home features a back patio, an expansive lawn, and a two-car garage. The rental comes fully furnished and stocked with all essentials for the kitchen, bedrooms, and bathrooms. It is also available semi- or unfurnished, depending on tenant preference. The tenant will be responsible for utilities, lawn care, and snow removal. This is a non-smoking home, and pets are allowed with landlord approval. Ideally situated just down the block from Old Drovers Inn B&B and Tap Room Restaurant, The Preston House is surrounded by the charming Harlem Valley villages of Pawling, Millbrook, and Amenia, as well as the nearby Connecticut towns of Kent, Gaylordsville, and Sherman. Commuters will appreciate easy access to Route 22 and the Wingdale Metro-North station, which offers a direct route to New York City in under 1 hour and 45 minutes. Offering a perfect blend of history, elegance, and convenience, this remarkable home is ready to welcome its next tenant.
Property Information
Lot Size
1 acre(s) square ft
Property Type
Residential Lease-Single Family Residence
Year Built
1830
MLS Number
--
Location
Address
763 Old Route 22
City
Dover Plains
State
NY
Zip Code
12522
County
DUTCHESS
Listing
Name
Phone
(914) 447-3761
Office Name
Office Phone
(845) 855-5550
Agent Name
Claudia Jiskra
Agency Phone
(845) 855-5550

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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.