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26 Cowboy Trail
Saugerties, NY 12477
$969,000
Conventional
Property
Bedroom
4
Bathroom
3
Property Type
Conventional
Square ft
3396
Property Description
Have you ever dreamt of a place that had space for all the toys you could ever own. Four full garage spaces, 3 carports and a paved and gravel parking area for everything else. On top of that you will enjoy a stunning country setting, and a luxurious 3-bedroom 2 bath cape style home with possible expansion into a walk-up attic. And house your property manager in the 1-bedroom apartment downstairs. Party like its 1999 in the 25x24 lounge area at the back of the detached 2 car garage. Beautiful woodwork and vaulted ceiling and built-up stage not to mention a bar area for entertaining guests. The lounge area is large enough for seating around the stage or for dancing the night away. It all opens to a patio and firepit to bring the party outside. The private drive which leads to this dreamlike home is fully paved and as you approach you will see the work put into the stone walls and gardens around the house. Set on 3.6 acres, there is ample room for parking many cars. The 2-car garage under the house is oversized to fit cars with enough room for a workspace. The 2 car detached garage has additional well-constructed carports with metal roofs, 1 on each side of the structure. Additionally, there is a carport off to the right of the home for the downstairs property manager/tenant. The gravel area can accommodate more vehicles or equipment. The home itself is a well-designed Contemporary Cape with formal dining room, large eat-in kitchen and 18x17 Livingroom. All the flooring is tastefully done in wood, high end laminate and tile. The main bedroom with ensuite is on the opposite side of the house than the other 2 bedrooms for added privacy. Relax on your back deck or go for a swim in your pool while you watch nature abound.
Property Information
Lot Size
3 acre(s) square ft
Property Type
Residential
Year Built
2007
MLS Number
20242499
Location
Address
26 Cowboy Trail
City
Saugerties
State
NY
Zip Code
12477
County
ULSTER
Listing
Provider
Weichert Realtors - The Spiesman Group, original listing
Name
Weichert Realtors - The Spiesman Group
Phone
(845) 336-2633
Office Name
Weichert, REALTORS The Spiesma
Office Phone
(845) 336-2633
Agent Name
Randy Spiesman

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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.