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57 Quaker Hill Road
Pawling, NY 12564
Brian McGrath with McGrath Realty Inc, original listing - (845) 855-5550
$3,900,000
Conventional
Property
Bedroom
--
Bathroom
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Property Type
Conventional
Square ft
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Property Description
Seldom does a property like this become available. Two parcels totaling 108 acres create the most idyllic setting on Quaker Hill. Imagine a pastoral retreat blanketed by farmed fields, well-maintained trails, and productive land. With approximately 56 cleared acres, the possibilities are endless. Build your dream country estate, an extended family compound, or an equestrian paradise with ample room for barns, rings, and paddocks. The fertile soil and open fields are perfect for organic gardening, crops, livestock, or outdoor sports. A gentle topography offers multiple building sites with breathtaking privacy, solitude, and stunning views. The first parcel is 78 acres, and the second is 30 acres. Combined, they share over 2000 feet of frontage on Quaker Hill Road and over 1500 feet of frontage on Route 22. What truly sets these properties apart is their location within the Village of Pawling. Village water extends to the adjacent property, and Village sewer is approximately 600 feet from the parcel boundary line. Currently hayed and benefiting from an AG exemption, the property enjoys significantly reduced taxes from $16,686 to $2,659. You'll find no easements, flood plain and less than 9 acres of wetlands. The high point of the property reaches 650 feet, offering potential for outstanding views with clearing. Explore the possibilities of subdividing and other development opportunities under the R1 permitted uses. Despite its serene and rural setting, this property is conveniently located just minutes from the Village of Pawling, where you'll find fine dining, fun eateries, boutique shops, cultural attractions, and a seasonal farmer's market. Pawling also boasts a Metro North station, providing easy access to NYC in just 90 minutes by train or car. Be sure to click on the virtual tour icon to do a 360 degree panorama tour from five different areas of this incredible parcel.
Property Information
Lot Size
108 acre(s) square ft
Property Type
Land-Unimproved Land
Year Built
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MLS Number
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Location
Address
57 Quaker Hill Road
City
Pawling
State
NY
Zip Code
12564
County
DUTCHESS
Listing
Name
Phone
(845) 721-0940
Office Name
Office Phone
(845) 855-5550
Agent Name
Brian McGrath
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.