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34 School Lane
Phoenicia, NY 12464
Jason Nadeau with Compass Greater NY, LLC, original listing - (838) 877-8283
$485,000
Conventional
Property
Bedroom
2
Bathroom
Full: 2
Property Type
Conventional
Square ft
912 Square Feet
Property Description
Tucked away through a winding side street right in the village of Phoenicia, a private secluded cabin awaits. The spacious yard with its charming wood fence and mature trees greets you, and you'll be delighted by the screened in porch welcoming you to stay and enjoy the scenery. The beautifully renovated cabin has 7 rooms total: 2 bedrooms, 2 full bathrooms, a large open concept kitchen and living room, and a big walkout lower level with flex room. Just a short stroll to town, yet tucked away into the woods, you get the best of both worlds—privacy yet proximity to the charming village of Phoenicia! The main entry will bring you first into the well designed renovated kitchen and living room. You'll notice right away the smart storage pantry, tall ceilings, large light-filled windows, and colorful kitchen tile. Cozy up at the wood-burning fireplace, or have coffee out on the balcony off the living room. The newly renovated kitchen is expertly designed with efficiency in mind, with smart storage and organization along with great stainless steel appliances. You'll love the screened in porch for entertaining and relaxing, or shaking off your snowy boots before going inside. If the side fenced in yard isn't enough outdoor space for you, go meander down to the back yard, where you can sit around the fire pit under a big open sky, and keep your wood supply in the covered lean to. The first room off the hallway on the left is currently used as the appointed kids room, with a large closet and nice windows. The second primary bedroom fits a king sized bed, and also has a big double closet for extra storage. The fully renovated bathroom has a deep soaking tub, modern green tile, and a nice vanity for storage. The hallway has a linen closet as well. Downstairs you'll find the extra hangout den (not included in the listed square footage), with walkout access to the backyard. The third flex/bedroom, full bathroom with shower, and laundry closet are all located on this level. You can also access the attached garage for even more storage or workshop space. The property consists of 2 lots that are already subdivided. The house sits on 1.4 acres with an additional vacant contiguous lot of 0.87 acres. Located in the charming village of Phoenicia, you have quick and easy access to hiking, skiing, dining, and shopping, making this an ideal spot for nature enthusiasts, skiers, or anyone looking for a picturesque place to slow down and enjoy the mountains. It's equally close to many other places to explore nature or get a great meal: Phoenicia Diner, Shandaken Bake, the Rail Trail, and Woodstock Brewery are all also a short drive away. Plus, you're just 109 miles from the GWB!
Property Information
Lot Size
2 acre(s) square ft
Property Type
Residential-Single Family Residence
Year Built
1981
MLS Number
--
Location
Address
34 School Lane
City
Phoenicia
State
NY
Zip Code
12464
County
ULSTER
Listing
Name
Phone
(838) 877-8283
Office Name
Office Phone
(838) 877-8283
Agent Name
Jason Nadeau
Agency Phone
(838) 877-8283

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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.