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1967 County Road 3
Olivebridge, NY 12461
Solomon Anidjar with Upstate Down, original listing - (845) 516-5123
$810,000
Conventional
Property
Bedroom
4
Bathroom
Full: 3, ½: 1
Property Type
Conventional
Square ft
2840 Square Feet
Property Description
Welcome to The Dymond House! This recently renovated 4-bedroom, 3.5 bath home in Olivebridge has so much to offer. With great artistry and attention to detail, the present owners kept as much of the home's rich heritage intact, while updating it for future generations to enjoy. Perfect for entertaining, each room flows gracefully into the next. Cozy up in front of the fireplace on a chilly night or cook for family and friend's in the spacious kitchen, which features soapstone countertops, all new Bertazzoni stainless steel appliances, including a wine fridge, and custom cabinetry. A first floor bedroom with its own bathroom and private 3-season porch also offers views of the mountain ridge in the distance and spring-fed pond that flows into a nearby waterfall. Fall asleep to the sounds of rushing water! Upstairs, there's a primary bedroom with a spacious walk-in closet and a beautiful bathroom featuring a clawfoot tub, double vanity and large shower. In addition, there are two more bedrooms and a full bathroom on this floor. A walkout basement has hook-ups for laundry and another large open room with a window that could be used as a mudroom, studio, exercise room, office, even an access apartment with its own entrance. The property itself offers a flat stretch of lawn, bluestone pathways, fruit trees (pear, peach, crab apple), a beautifully maintained garden, a view of the mountains, two outbuildings, a garage and the pond. From the dry-stacked stone walls that border the property to the hand-hewn beams throughout, The Dymond House is truly a gem. One minute to Tetta's for a cup of coffee, 10 min to the Ashokan Reservoir for walking or biking, 15 min to Stone Ridge, 20 min to Accord, 30 min to Woodstock, 35 min to Kingston.
Property Information
Lot Size
1 acre(s) square ft
Property Type
Residential-Single Family Residence
Year Built
1825
MLS Number
--
Location
Address
1967 County Road 3
City
Olivebridge
State
NY
Zip Code
12461
County
ULSTER
Listing
Provider
Upstate Down, original listing
Name
Phone
(845) 516-5123
Office Name
Office Phone
(845) 516-5123
Agent Name
Solomon Anidjar
Agency Phone
(845) 516-5123

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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.