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18 Jomar Lane
Olivebridge, NY 12461
Edwin Maldonado with Howard Hanna Rand Realty, original listing - (845) 338-5252
$1,200,000
Conventional
Property
Bedroom
3
Bathroom
Full: 2
Property Type
Conventional
Square ft
1485 Square Feet
Property Description
You'll understand just how special this 41 Acre property is once you arrive. Just driving down the country road to get here is already a treat. Situated at the base of the majestic High Point Mountain you'll find a private driveway that takes you through a beautiful forest and then it opens up to acres of your own open farmlands.....the open fields are perfectly suited to horses and with an amazing newly painted Gambrel Roof Horse Barn, you can move them right in and start enjoying every aspect of country life. The peaceful feeling this private property gives is unmatched. The home is nestled perfectly along the woodlands with great views of the open fields. Watch your horses, cows or goats grazing or just relax on the open front porch and breath in all the fresh air! The home has been very well maintained and features a charming stone fireplace, pretty solid wood six panel doors, a kitchen with multiple wood cabinets including an integrated pantry, Corian countertops, a gas stove and peninsula open to a dining area with large windows overlooking those gorgeous views. The split floor plan has two bedrooms on one side of the house while the Primary Bedroom Suite is on the other side which offers some privacy from the kiddos or guests. Just off the living room you'll find a charming enclosed porch with wide board knotty pine floors and large windows overlooking your own pristine forest. The oversized two car garage has ample space for a workbench, contains a storage closet and the entrance to the poured concrete crawl space which houses the utilities. Once you step foot in the barn, your imagination will light up.... what a great space on the ground level for horses or other livestock with a center isle and several stalls that can be used in a variety of ways, high ceilings with exposed beams and four entrance/exit doors for ease in cleaning or moving animals. The Second floor of the barn contains an exterior hay door PLUS there is a full interior staircase to a HUGE open space with lots of headroom for hay storage, tack, etc. This barn offers so many possibilities.... it is such a great building for other dreams as well.... Possibly convert it to your own personal artist studio or workshop....it contains its own electric service. Take your time to walk around this lovely property, you will find there are two small streams, beautiful old growth trees along the perimeter and tons of space to enjoy. This large lot contains such a diversity of land types including heavily and lightly forested areas, open meadows, wetlands, rock outcroppings, charming natural streams and pretty landscaping around the house. There is a protected archeological site of early Native American historical significance within the forested area. This beautiful property is in close proximity to the picturesque Ashokan Reservoir that features a pedestrian only paved walking/biking promenade showcasing vast views of the surrounding Catskill Mountains and breathtaking Ashokan Reservoir and also the Ashokan Rail Trail which meanders through miles of beautiful forest alongside the shoreline of the reservoir and Esopus Creek. In addition, the Mohonk Preserve with its amazing trails and swimming lake are a short drive away. The Catskills offer so much to enjoy between all the hiking trails and high peak vistas, but also all the charming small villages with quaint shops and restaurants. You'll never feel bored and you'll always feel relaxed and at peace in this special area. Come see this exceptional property as soon as possible...it is such a rare find.... once you see it, you will absolutely love it!!
Property Information
Lot Size
41 acre(s) square ft
Property Type
Residential-Single Family Residence
Year Built
2005
MLS Number
--
Location
Address
18 Jomar Lane
City
Olivebridge
State
NY
Zip Code
12461
County
ULSTER
Listing
Provider
Howard Hanna Rand Realty, original listing
Name
Phone
(845) 389-8555
Office Name
Office Phone
(845) 338-5252
Agent Name
Edwin Maldonado
Agency Phone
(845) 338-5252

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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.