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42-44 Rocky Hill Road
New Paltz, NY 12561
$2,200,000
Conventional
Property
Bedroom
4
Bathroom
Full: 3, ½: 2
Property Type
Conventional
Square ft
2816 Square Feet
Property Description
Welcome to your country oasis just outside the Village of New Paltz, minutes from the NYS Thruway and less than 90 miles from Metro NY. Meticulously maintained by its original owner, this beautiful contemporary home on just over 50 combined acres is ready for it's new ownership. Enter through the private winding driveway with abundant wildflowers guiding you to the main house and lovely barn. Outside, the property consists of lush landscaping, beautiful green pastures, custom stonework, two self-sustaining ponds, two outdoor showers, and your very own fenced-in orchard! A mowed walking trail perfect for riding horseback or taking an evening stroll meanders through the property with scenic views and the gratifying feeling of being secluded in nature. The main house built in 2008 offers 3 bedrooms and 2.5 baths, with an open, airy floor plan and high ceilings. Views of the iconic Mohonk Tower and Bonticou Crag flood the second level of the home through the large Pella windows. The kitchen, which is open to the main living area of the home, offers a generous amount of storage, high ceilings, and plenty of counter space. The stone accent wall is a lovely backdrop to the living and dining room bringing in the outdoor mountain view into this great room. Cozy up by the woodstove in the living room during the chilly winter evenings while watching the snow fall. The rest of the year take advantage of the easy access to the upper-level deck with orchard views and a partially screened-in area, perfect for dining al-fresco. The primary suite is located on the second level and holds a large walk-in closet, plenty of windows, and a nicely sized bathroom. On the lower level, you will find 2 spacious bedrooms, a full bath, and an additional living area with private outdoor access to a large bluestone patio. A large laundry/mud room is also accessible on the lower level making it the perfect space for stowing hiking gear or farm clothes after a long day outdoors. Don't look past the fully loaded horse barn and 2-acre fenced-in paddock! This horse barn features 4 stalls, tack room, wash stall, and half bath. But wait, there's more! The second floor of the barn includes a finished living area of just over 1500 SF. Perfect for company, work-from-home, short-term rental or a full-time farm hand, this 2-bedroom and 1-bath living space has a full kitchen, living room with woodstove, and separate washer and dryer. Take in the sweeping views from the private balcony which overlooks the property. Additional outbuildings include a garage with carport attached, currently used for a woodworking shop and storage for lawn equipment, and a second carport that holds farm equipment. In the fenced-in orchard, delight in the whimsical hobbit house-style chicken coop. This is truly an oasis from the hustle bustle of life. Once you arrive you will want to stay forever. Come see all that the New Paltz area has to offer with world-class hiking and climbing at Mohonk Preserve and Minnewaska State Park, The Dorsky Museum at SUNY New Paltz, easy access to Hudson River amenities, farm to table restaurants and the ever popular Mohonk Mountain House and Wildflower Farms Auberge Resort. Only 15 minutes to Metro North for commuting to NYC.
Property Information
Lot Size
50 acre(s) square ft
Property Type
Residential-Single Family Residence
Year Built
2008
MLS Number
--
Location
Address
42-44 Rocky Hill Road
City
New Paltz
State
NY
Zip Code
12561
County
ULSTER
Listing
Name
Phone
(845) 687-2200
Office Name
Office Phone
(845) 687-2200
Agent Name
Zachary Jarvis
Agency Phone
(845) 687-2200

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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.