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155 Vuepointe Dr
Mayfield, NY 12117
MaryEllen Charles with ADK REALTY, original listing - (518) 835-2357
$1,995,000
Conventional
Property
Bedroom
4
Bathroom
Full: 3
Property Type
Conventional
Square ft
3302 Square Feet
Property Description
What an idyllic lakeside setting- you must see the stately white pines that grace the waterfront and private gated access with two entrances to this very secluded property! The surveyed 1.6 acres, has 250 feet of HRBRRD deep-water lake front! It truly is one of the most spectacular properties on the lake! Current owner of 40 years lovingly transformed a traditional summer home into an incredible custom year round home! Exquisitely designed for relaxing life on the lake while relishing the natural surroundings of this beautiful property. All rooms have spectacular expansive lake and mountain views. 250 ft on the Western shore of the Great Sacandaga Lake, in the Town of Mayfield, this is your own private retreat! With multiple indoor and outdoor gathering areas, there's plenty of room for family and friends in these 3302 sq. feet living space that boasts four bedrooms, three baths, three fireplaces, (two propane, one wood burning) and a classic Adirondack room with open beams and knotty pine. The main living area features a great room accented with a propane fireplace, open kitchen and dining area, picture windows and access to the lakeside decks and patio. It's perfect for gatherings. An elegant en-suite primary bedroom with fireplace, two walk-in closets, private bath and private balcony is in its own wing of the house. Three additional bedrooms feature private lakeside balconies and two additional bathrooms. A separate laundry room and plenty of well-planned storage enhance this home! The lower level has an additional room that opens to the lake. Currently used as a workshop, it could easily be more living space. Strategically placed sky lights enhance the natural light inside and along the lakeside decks. You'll enjoy decades of carefully planned terraced landscaping with season-long flowering plants from the upper garage to the lake front retaining wall with easy access to the entire property. The dock can be easily put in and taken out. There is an attached two car garage plus a second detached two car garage with easy access storage upstairs. The many amenities include a whole house generator, whole house fan, drilled well, modern septic system, an Acorn stair lift and more. Please request the full list. A second outbuilding is perfect for storage or creating additional living space. The breathtaking lake and mountain views will surely please you! Buyers must have finances in order to view! 24-48 hour notice, agent or representative to accompany all showings. Saratoga is less than 40 minutes, NYC/Boston is less than 3 hours. This home is waiting for you!
Property Information
Lot Size
1 acre(s) square ft
Property Type
Residential-Single Family Attached
Year Built
1939
MLS Number
--
Location
Address
155 Vuepointe Dr
City
Mayfield
State
NY
Zip Code
12117
County
FULTON (COUNTY)
Listing
Name
Phone
(518) 835-2357
Office Name
Office Phone
(518) 835-2357
Agent Name
MaryEllen Charles
Agency Phone
(518) 835-2357

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HUD Foreclosures

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.