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72 Lumber Lane
Bridgehampton, NY 11932
$5,895,000
Conventional
Property
Bedroom
4
Bathroom
Full: 3, ½: 1
Property Type
Conventional
Square ft
4888 Square Feet
Property Description
This is the one you have been waiting for! This quintessential Hamptons traditional is elegantly sited on just over an acre of beautifully landscaped property with a blend of historic grandeur and modern convenience. This stately home, originally built in 1910 and spanning nearly 4,900 square feet is located on one of the most coveted streets in the heart of Bridgehampton Village. The main level features two living areas, three fireplaces, a wood-paneled library, and a spacious eat-in kitchen with top-of-the-line appliances, all providing a cozy atmosphere for entertainment and family gatherings. Also on the first floor, an exquisite family room serves as the ultimate gathering spot, with walls of windows offering spectacular sunset views, a grand fireplace, and vaulted ceilings. On the second level, you will find four bedrooms, including an en-suite primary bedroom, and another full bath, all decorated to maintain the traditional charm of the house. The allure extends to a separate guest house, complete with a full bath and two additional rooms, providing privacy and comfort for family and guests. Outdoors, the expansive, lush grounds are adorned with age-old towering trees, offering both privacy and historic character. The exterior features a large heated gunite pool, ample outdoor seating and dining areas, a covered pergola for al fresco gatherings, as well as a separate garage and shed with ample parking space.This prime location offers easy access to the vibrant village of Bridgehampton, with its many restaurants, spas, galleries, and boutiques. Additionally, the home is just moments away from the stunning Bridgehampton and Sagaponack beaches, as well as the train station and jitney stop. This home defines luxury living and convenience at its finest.
Property Information
Lot Size
1 acre(s) square ft
Property Type
Residential-Single Family Residence
Year Built
1910
MLS Number
--
Location
Address
72 Lumber Lane
City
Bridgehampton
State
NY
Zip Code
11932
County
SUFFOLK (EAST)
Listing
Name
Phone
(631) 537-5454
Office Name
Office Phone
(631) 537-5454
Agent Name
Victoria Quoss
Agency Phone
(631) 537-5454

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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.

Free Foreclosure Listings

USHUD.com is a website that simplifies the process of finding foreclosures and HUD properties. Everyone thinks they are a real estate web surfing pro until they search for foreclosure homes and stumble upon a numerous sites that want to charge a fee to see their listings. With USHUD.com that’s not the case. When searching for HUD properties or a home finding website for foreclosure it is important to know what you are looking for. It is important to use a niche company that specializes in foreclosures like USHUD.com. We have put together 2 tools that have made the real estate search process of our website much easier to navigate. The Homesearch online tool is filled with foreclosure lists and free listings of hud homes for sale. Most of our users start with a broad search with the homesearch online tool to see the most HUD properties and foreclosure lists in your area and narrow their search down with the Homefinder online tool. The homefinder online tool is a custom filter system that we breakdown the area based upon filters such as convention and foreclosure listings. This give you the option to filter out conventional listings and focus on just the foreclosures in the market. We thank you for making us Americas top home finding website for foreclosure and Hud properties. Free listings of hud homes for sale are hard to come by but should always be free and that’s the way things are going to stay on our website.

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.