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142 Round Swamp Road
Huntington, NY 11747
Joseph Scavo with Douglas Elliman Real Estate, original listing - (516) 621-3555
$7,999,000
Conventional
Property
Bedroom
7
Bathroom
Full: 4, ½: 2
Property Type
Conventional
Square ft
8100 Square Feet
Property Description
142 Round Swamp Road is a custom-built, recently renovated private estate - sitting on over 2 acres of a gated, beautifully-landscaped property in coveted West Hills. Hidden behind a 600-ft. winding driveway, this brick, center hall colonial home was once part of the Wallace K. Harrison estate, and is primely located on the on the cusp of Melville and Huntington - equally distant between NYC and the Hamptons. Walking in through the brand-new double iron doors, you're greeted with a sprawling staircase and foyer featuring custom molding and details throughout the home, and the main hub for your Crestron Smart Home system. The formal living area to the right of the entrance leads to a dark-wooded library/study with the first of five fireplaces. Tucked behind double French doors is a sunny and open breakfast nook, which connects the kitchen and den - where you can enjoy reading and relaxing by the fire, or taking in the beautiful views of the expansive yard. Featuring stunning quartzite countertops, paneled appliances and plenty of storage, this kitchen is truly the heart of the home - centered around a large island with seating and illuminated by vintage lighting fixtures. Off the main is a prep kitchen, with copper sink, freezer and custom cabinetry - ideal for entertainment, no matter the season. Easily enter and exit the home from the 3-car garage into the mudroom. Toward the back of the home is a second staircase for efficient access to the second floor, a main floor bedroom, and shiplapped den with third fireplace and powder room. Ascending the grand staircase to the second floor leads to another set of French doors that open to a large balcony - allowing for natural light to enter the hallways and provides stunning views of the property. The primary suite is situated on the right wing of the home - complete with the fourth fireplace, multiple walk-in closets, vanity room and oversized bathroom with Bain air tub, and home gym. Four other bedrooms, each featuring a full walk-in closet, are on the second floor; sharing two, refreshed bathrooms. For added convenience, the laundry room was moved to the second floor for easier access to all bedrooms.The newly-finished lower level spares no detail - complete with the seventh bedroom, fourth full bathroom, second kitchen and an open-concept floor plan. Currently used as an expansive game room, the lower level also features a separated entertainment room/theater - providing quiet and privacy for a cozy movie night. Outside, the backyard space offers a luxury, resort-like set-up. An expansive bluestone patio, with direct access to the kitchen, is the ideal spot for summer, alfresco dining. Enjoy poolside drinks in the cabana - with outdoor wet bar, and additional, shaded seating. Soak up a tan in the heated Gunite pool and Jacuzzi. This unmatched estate provides luxury, privacy and comfort - conveniently located in the center of Long Island. Discover the incomparable lifestyle that 142 Round Swamp Road offers its homeowners. Additional features include full, walk-up attic, whole-house water filtration system and generator.
Property Information
Lot Size
2 acre(s) square ft
Property Type
Residential-Single Family Residence
Year Built
2004
MLS Number
--
Location
Address
142 Round Swamp Road
City
Huntington
State
NY
Zip Code
11747
County
SUFFOLK (NORTHWEST)
Listing
Name
Phone
(516) 621-3555
Office Name
Office Phone
(516) 621-3555
Agent Name
Joseph Scavo
Agency Phone
(516) 621-3555

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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.