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73-75 Cross Patch Road
Willow, NY 12495
$1,200,000
Conventional
Property
Bedroom
4
Bathroom
2
Property Type
Conventional
Square ft
1750
Property Description
Nestled in the serene Silver Hollow area of Willow, NY, this enchanting property offers tranquil living and privacy with a main house plus separate studio building sprawled across 4 acres of park-like land. The parcel includes a sunny meadow and sloping lawns outlined with natural dry stacked rock walls, and is surrounded by Catskill Mountains: Mt. Tobias to the south, Mt. Tremper to the West, and Little Rocky in hiking distance at the north property line. The renovated main house exudes a sense of warmth and relaxation. The 4-bedroom, 2-bathroom home features meticulous maintenance and thoughtful upgrades throughout with well-appointed design choices. Downstairs, heated cement tile floors grace the full bathroom with walk-in shower, while the upstairs bathroom with soaking tub emits a spa-like aroma from the natural cedar wood ceiling while soaking. A newly installed stackable washer/dryer is located in the ground floor bathroom. With its bungalow ambiance and open, flowing floor plan downstairs, the home invites relaxation and gatherings warmed up with an efficient and sexy Rais round wood stove. There is oil baseboard heat as well, and a brick fireplace in the living room. A newly installed whole-house generator ensures peace of mind and automatically switches on and fully powers both buildings in the event of a power outage. Wood floors adorn the living areas and bedrooms, while the entryway mudroom and kitchen have Italian limestone-like ceramic tiles laid in a herringbone pattern. The pièce de résistance situated on the hill above the house is a magnificent 27’ x 36’ post-and-beam open studio building that includes an upstairs loft area. The current owners use it as an art studio and home office, but consider it your blank canvas — It’s huge and bright with a soaring ceiling height and a new wood stove in addition to the Rennai heating units. The ample front deck beckons with mountain views and sunshine all day long due to southern exposure, creating an idyllic retreat for creative living. OPEN HOUSE SATURDAY 4/6 from 1-3 pm
Property Information
Lot Size
4 acre(s) square ft
Property Type
Residential
Year Built
1920
MLS Number
20240798
Location
Address
73-75 Cross Patch Road
City
Willow
State
NY
Zip Code
12495
County
ULSTER
Listing
Provider
BHHS HUDSON VALLEY PROP-WDST, original listing
Name
BHHS HUDSON VALLEY PROP-WDST
Phone
(845) 679-0006
Office Name
BHHS HUDSON VALLEY PROP-WDST
Office Phone
(845) 679-0006
Agent Name
Melissa Mayes

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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.