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286 Cooper Lake Road
Bearsville, NY 12409
$1,600,000
Conventional
Property
Bedroom
3
Bathroom
Full: 2, ½: 1
Property Type
Conventional
Square ft
2624 Square Feet
Property Description
Reimagined from an original 1775 barn on Cooper Lake Road in Woodstock, this home is set back from the road and sited on 44.3 pristine acres with trails leading to 800+ ft of Cooper Lake frontage. Legal access to the water's edge provides picnicking, camping and stargazing opportunities overlooking the water and mountain views beyond. The house with its distinctive and rustic rough cut wood sided exterior is juxtaposed with sleek modern lines once inside. A bright and airy living room overlooks the pool to one side and the glorious greenery of the trees with a seasonal mountain view on the other through large picture windows that bathe the room in natural light. The well equipped kitchen is fit for entertaining for one or one hundred with an island and plenty of prep space and storage. It opens up to an inviting dining area with lots of windows for sunny morning coffee and a propane fireplace for cozy intimate dinners by the fire. A primary suite is tucked off to one side and shares the same view as the living room. Sliding glass doors lead to a generously sized deck, a great spot from which to read a book or watch the fireflies. From the living room toward the rear yard there is a flex room which could be used for a number of purposes - extra guest room, office, TV room, yoga or meditation room. Upstairs are two large bedrooms, one of which enjoys year round mountain views, and a shared bath. The in-ground heated pool is saline with an outdoor kitchen area. Large enough for pool parties, private enough for skinny dipping. The land slopes up behind the house and there is a level area that had previously been prepped for a tennis court if one wishes, and above that are solar panels which cover half or more of the electric needs for the property. Last February's electric bill which included heat, hot water and lights was only $226.00. Newer mini splits are the primary source for heat and cooling. There is a partial basement offering plenty of easily accessible dry storage. The seller acquired an additional 40+ acres adjoining their original parcel over the years to ensure that the character of the area would be preserved and protected from overdevelopment. This rare large parcel provides undisturbed and pristine woodlands for privacy and enjoyment of nature only 5 minutes to town. Cooper Lake Road is one of the most beautiful spots in Ulster County and a coveted address in Woodstock. Only minutes from the Bearsville complex with music, food, drinks and theatre events, and Cub Market around the corner. Woodstock and the surrounding communities are home to a wonderful eclectic mix of shops, galleries, restaurants, theatre, flea markets , farm stands and weekly farmers' markets. Enjoy the Hudson Valley lifestyle offering the peaceful quality of life you crave within 2 hours of NYC
Property Information
Lot Size
44 acre(s) square ft
Property Type
Residential-Single Family Residence
Year Built
1775
MLS Number
--
Location
Address
286 Cooper Lake Road
City
Bearsville
State
NY
Zip Code
12409
County
ULSTER
Listing
Name
Phone
(845) 679-2255
Office Name
Office Phone
(845) 679-2255
Agent Name
Amy Lonas
Agency Phone
(845) 679-2255

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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.