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9 Chambers Road
West Park, NY 12493
Hayes Clement with BHHS HUDSON VALLEY PROP-KING, original listing - (845) 340-1920
$3,950,000
Conventional
Property
Bedroom
9
Bathroom
Full: 9, ½: 3
Property Type
Conventional
Square ft
10500 Square Feet
Property Description
A great legacy meets true luxury: Hudson Shore Estate, formerly home to one of Eleanor Roosevelt's early passion projects, a pioneering vocational school for women, has now been masterfully restored to its former glory and offers the perfect setting for a family compound or luxury wellness retreat. A unique example of Arts & Craft design amongst its peer group of renowned Hudson River mansions, the 7,700-square-foot main house has been completely renovated in the past 5 years, and now features a gourmet kitchen, all new high-efficiency systems, and no less than six luxury bedroom suites, each with its own bathroom, plus a remarkable third-floor owners' suite with an enormous spa bath and den. Restored covered balconies and bluestone patios offer a stunning view of the new multi-level heated-pool area with its fully outfitted cabana and kitchen, plus, beyond, the Vanderbilt Mansion and seasonal glimpses of the Hudson River. A walkout basement level features a sauna, half bath, and multiple spa and exercise rooms. Meticulously preserved are all of the original details of the house, including chestnut wainscoting and beams, lozenge-paned casement windows, heart-shaped balustrade carvings, and ceramic tiles made at the Moravian Pottery and Tile Works, the premier source of Arts & Crafts decoration in America. The main floor's grand Moravian-tiled living room played host in the 1920s to vocational classes for local women when Hilda Worthington Smith, wealthy daughter of the original owner, an inventor of steam-heating systems, founded the Hudson Shore Labor School. Eleanor Roosevelt, a longtime board member and instructor at the school, credited her own experience teaching at the property as inspiration for her future activism as First Lady. The property also includes a separate and fully renovated 2-unit Carriage House building with potential commercial space, including a new ADA-accessible bathroom and kitchen, on the first floor; and, above, a wonderful light-filled 2-bedroom luxury apartment with a cathedral-ceilinged great room. Virtually every square foot of both buildings has been restored or overhauled by some of the most talented contractors and artisans in the region, with the final result being a genuine move-in-ready masterpiece that's only 90 minutes by car from Manhattan and only 5-15 minutes from the charming New Paltz village center, the MetroNorth station in Poughkeepsie, the waterfront Kingston Rondout district, and neighboring wineries and other Hudson River culinary hotspots.
Property Information
Lot Size
1 acre(s) square ft
Property Type
Residential-Single Family Residence
Year Built
1891
MLS Number
--
Location
Address
9 Chambers Road
City
West Park
State
NY
Zip Code
12493
County
ULSTER
Listing
Provider
BHHS HUDSON VALLEY PROP-KING, original listing
Name
Phone
(845) 340-1920
Office Name
Office Phone
(845) 340-1920
Agent Name
Hayes Clement
Agency Phone
(845) 340-1920

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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.