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623 Wittenberg Road
Bearsville, NY 12409
Peter Cantine with Halter Associates Realty, original listing - (845) 679-2010
$699,000
Conventional
Property
Bedroom
3
Bathroom
Full: 2, ½: 1
Property Type
Conventional
Square ft
2425 Square Feet
Property Description
A Home For All Seasons - Grand circa 1915 Woodstock Victorian Neo-Colonial clapboard frame set amidst groves of towering pines and massive old-growth black locust trees. This stunner features 3-plus bedrooms, 2.5 baths, an expansive double parlor and a magnificent multi-columned wraparound rocking chair porch with mahogany decking and original wainscoting. A farmhouse extension with spacious dining room leads to a larger six-windowed country kitchen with sweeping views of the lawn and field beyond. Traditional cabinetry with marble counters and a Franklin wood stove complete the picture. A vintage detailed chestnut staircase leads to a sun-filled second floor with an en-suite primary bedroom suite, spacious second bedroom, third bedroom and second full bath. An enchanting high-ceilinged, wood-framed attic with north and west-facing windows is great for a variety of possible uses. Attached to the kitchen, running parallel to the stream is a recently rebuilt, partitioned, 500+ sq. foot  out-building providing ample storage for firewood and gear of all sorts. A full basement under the main part of the house is plumbed and wired for washer and dryer and has its own renovation potential. The 2.75 acre is level with an expansive lawn and meadow in front, bounded on the side and rear by state land. The center of the Little Beaver Creek is the back borderline. Steps from a gourmet food market, a short drive to Woodstock and Phoenicia, near all the Hudson River Valley-Catskill Mountain region has to offer—world class beauty, outdoor recreation, arts, culture and cuisine. The fact that this beloved home has been owned by only three families in its entire 100+ year lifetime is a testament to its character and value. Now it’s your turn!
Property Information
Lot Size
2 acre(s) square ft
Property Type
Residential-Single Family Residence
Year Built
1915
MLS Number
--
Location
Address
623 Wittenberg Road
City
Bearsville
State
NY
Zip Code
12409
County
ULSTER
Listing
Name
Phone
(845) 679-2010
Office Name
Office Phone
(845) 679-2010
Agent Name
Peter Cantine
Agency Phone
(845) 679-2010

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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.