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29 Maddaloni Road
Hurley, NY 12443
Amy Lonas with Coldwell Banker Village Green, original listing - (845) 679-2255
$1,475,000
Conventional
Property
Bedroom
3
Bathroom
Full: 3
Property Type
Conventional
Square ft
2055 Square Feet
Property Description
Welcome to Maddaloni Farm - A cherished classic Catskills farmhouse set on 15.8 acres of beautiful and varied land. From the wildflower beds in the meadow, to the wooded acres ideal for hikes and forest bathing contrasted by a very dramatic and secret quarry pond nestled on a hilltop above the farmhouse, you will experience a true country sanctuary within 15 minutes of Kingston or Woodstock. This completely private home and property has provided inspiration over the years to its current owner, an author and award winning screenwriter for film and television. Let's start with the house. The mudroom entrance is bedecked with handcrafted elements made by a local artist/craftsperson who also created the custom kitchen cabinets. There is a bit of whimsy in the design as well as graceful curves in this functional layout. A little bit of magic and surprise lies within an understated country kitchen! Looking forward from there one is drawn to the wall of windows in the living room. Awash with light and overlooking a beautiful vista of meadow and woods beyond, this room is fabulous both day and night. Great for entertaining or sitting alone taking in the views and cozying up to the stone fireplace in cooler weather. Around the corner is a formal dining room for intimate gatherings. There is a traditional front entry door between the dining room and kitchen that leads out to the massive screened in porch with skylights and a bluestone floor. Listen to the peepers from here in Springtime. Upstairs are 2 bedrooms, an office or meditation room, full bathroom and a media room which shares a balcony deck with one of the bedrooms. The walkout lower level is exquisitely designed with two additional rooms, one with an en suite bath, and one currently set up as an office. An addition to the original farmhouse was completed in 2006 creating 3 floors of new rooms facing the back of the property. The old style of the house elegantly transitions into a modern aesthetic with exposed stone walls and lots of glass- the best of both worlds. On to the barn. Originally in the 1930's this was an egg farm and a 60' x 40' two story masonry barn still remains. Used over the past few decades as a ceramics studio, art studio, ping pong hangout space, Gym, recording space, workshop, and storage galore, it is now ready for its next incarnation. A creative's dream come true. Additionally there is a detached 2 car garage and a chicken coop. Come make Maddaloni farm your forever home. Close to everything in the Hudson Valley/Catskills: Towns of Woodstock, Stone Ridge, Phoenicia, Accord, Kingston. The Ashokan Reservoir and rail trail are a stone's throw away.
Property Information
Lot Size
15 acre(s) square ft
Property Type
Residential-Single Family Residence
Year Built
1930
MLS Number
--
Location
Address
29 Maddaloni Road
City
Hurley
State
NY
Zip Code
12443
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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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.