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2-76 Brook Meadow Lane
Stanford, NY 12581
$4,879,000
Conventional
Property
Bedroom
3
Bathroom
Full: 4, ½: 1
Property Type
Conventional
Square ft
4170 Square Feet
Property Description
Clean lines, glass, privacy and views, combined with unparalleled outdoor living, creates this peaceful contemporary retreat. The home was designed by Joel Turkel, gaining the best contemporary design with premium quality building materials and minimizes the impact on the environment. The free-flowing open interior beautifully showcases the modern, top of the line Henrybuilt kitchen with center island; living area with sleek fireplace and the dining room that featuring a stunning floating onyx topped Henrybuilt sideboard. An ensuite bedroom, powder room with onyx sink, mudroom and access to the attached 2-car garage are also on the first floor. There is a second floor loft that overlooks the main level and view beyond to the Catskills. The primary suite also embraces the view to Stissing Mountain with a private deck. An additional bedroom and full bath are also found on the second floor. The lower level has a media room, gym, sauna, and office with built-ins. Blending uninterrupted glass and wood elements throughout, this home effortlessly merges the interior with the outdoors. Blue stone terraces surround the house leading to the heated, salt water, infinity pool and a 30' x 20' outdoor living room and dining pavilion, built with western red cedar, and is complete with outdoor kitchen, Corten steel fireplace, outdoor sound system and automatic blinds. Adding to the list of features are radiant heat, geothermal systems for heating and cooling, solar panels, 26KW generator and central vacuum. This offering is comprised of three lots totaling 80+/-acres and includes a gated entry, two barns, two ponds, deer fencing, and fruit trees. Truly a remarkable offering is this ultimate indoor-outdoor living experience, just an hour and forty minutes to Manhattan.
Property Information
Lot Size
79 acre(s) square ft
Property Type
Residential-Single Family Residence
Year Built
2011
MLS Number
--
Location
Address
2-76 Brook Meadow Lane
City
Stanford
State
NY
Zip Code
12581
County
DUTCHESS
Listing
Name
Phone
677-0505
Office Name
Office Phone
677-0505
Agent Name
Paula Redmond
Agency Phone
677-0505

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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.