Home for Sale at 45 Tamarac Road, Copake, NY 12516

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45 Tamarac Road
Copake, NY 12516

Lindsay LeBrecht with Copake Lake Realty Corp., original listing - 325-9741

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Property Details

List Price:	$849,000
Beds:	3
Baths:	Full: 2
Status:	Active
SqFt:	3456 Square Feet
Agency:	Copake Lake Realty Corp.
Agency Phone:	325-9741

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Description/Comments

Lot Size:	5 acre(s)
Property Type:	Residential-Single Family Residence
Year Built:	2004
Notes:	Pampered & Private. Do unto others . . . is the theme of this home. The seller wanted the new owner to move in with a fresh coat of paint, new carpeting, new appliances and many upgrades. On a private dead-end road, nature abounds. The rear of the property backs onto wetlands and then to a summer camp. Well protected.The main level has an open floorplan: Living room (with fireplace insert)/dining area and kitchen. Off the living room is the sun room and one of the exits to the deck.Up one-half of a level are the sleeping quarters and laundry: Primary en-suite (with both tub and shower), two more bedrooms and a full hallway bathroom. The lower level is ~1728 of open space. Wood stove sitting area, space for a dining/game table, larger room for a pool table and other activities. Two bonus rooms. French door to the exterior. Equi-distance to Hudson, NY and Great Barrington, MA. Catamount Adventure Park (snow skiing, longest zip line in the USA) is about 15 minutes away.. The Harlem Valley Rail Trail (bicycling path), farm-to-table restaurants, antiquing, hiking, theatre and concerts. So much to do year-round or just curl up with a book in front of the fireplace. Separate expansive two-car, over-sized garage with space above to be finished by the new owner. Separate electric meter. Both.Amtrack and MetroNorth are about 1/2 hour away. Approximately two hours from New York City. So close to everything, but far enough away.
MlsNumber:	--
ListingId:	155475

Listing Provided By:	Copake Lake Realty Corp., original listing
Phone:	(518) 325-9741
Office Phone:	325-9741
Agent Name:	Lindsay LeBrecht
Disclaimer:	Copyright © 2024 Columbia Greene and Northern Dutchess MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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.

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.

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Property Details

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Description/Comments

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HUD Foreclosures

Foreclosure Listings Increasing