Home for Sale at 400 New Salem Road, Kingston, NY 12401

400 New Salem Road
Kingston, NY 12401

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Property Details

List Price:	$5,500,000
Beds:	7
Baths:	4
Status:	Pending
SqFt:	5540
Agency:	Corcoran Country Living

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Description/Comments

Lot Size:	374 acre(s)
Property Type:	Residential
Year Built:	1700
Notes:	Historic and modern architecture intertwine with nature and endless trails with sweeping views at this 375-acre private estate that feels like a peaceful retreat. Entering through the gates buffered by mature trees, views across the lake welcome you in before following the drive to the 1st residence on the property, a historic 1700 stone farmhouse. Sited overlooking the lake and with views of the ridgeline beyond the approx. 2200sqft home has 3 bedrooms and 2 full baths, a gourmet kitchen with an 8 burner Viking gas range, 5 fireplaces, and wide board pine flooring throughout. Nearby outside is a gunite pool, 340sqft 1 bed - 1 bath guest cottage, a small studio cabin, a restored barn currently used as a workshop and game/entertaining space, and a 3-bay garage. A short distance from the stone home nestled in a meadow surrounded by grasses and wildflowers is the 2nd residence, a 3000sqft modern build with a 2 car detached garage. The contemporary design features a common shared space in the middle of the first floor bordered by 4 bedrooms with sliding glass doors to access the exterior and 2 full baths. Stairs lead to the second floor, with vaulted ceilings and oversized windows anchoring the home on either end. The open floorplan design features distinctive dining, lounging, and living spaces that define the expansive space and create intimate areas. The gourmet kitchen is fully equipped with Gaggenau wall ovens, a countertop range, a dishwasher, and Thermador refrigeration / freezers. Floor-plans are available for both homes upon request. Also on the property setback away from the primary residences and buffered by forest and fenced-in paddocks is an equestrian facility with an impressive post and beam horse barn and a 75 x 150 indoor dressage and riding arena. This sanctuary, complete with many hiking trails to viewpoints of the Catskills and beautiful Hudson River Valley, is conveniently located 5 minutes from restaurants and shops along the Rondout, 10min from the Stockade District in Kingston, 20min from Rhinebeck/Amtrak trains, and 2 hours from NYC.
MlsNumber:	20240064

Listing Provided By:	Corcoran Country Living, original listing
Name:	Corcoran Country Living
Phone:	(917) 685-8575
Office Name:	Corcoran Country Living
Office Phone:	(845) 876-6676
Agent Name:	Kyle Irwin
Disclaimer:	Copyright Â© 2024 Multiple Listing Service of Ulster County. 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.

Free Foreclosure Listings

USHUD.com is a website that simplifies the process of finding foreclosures and HUD properties. Everyone thinks they are a real estate web surfing pro until they search for foreclosure homes and stumble upon a numerous sites that want to charge a fee to see their listings. With USHUD.com that’s not the case. When searching for HUD properties or a home finding website for foreclosure it is important to know what you are looking for. It is important to use a niche company that specializes in foreclosures like USHUD.com. We have put together 2 tools that have made the real estate search process of our website much easier to navigate. The Homesearch online tool is filled with foreclosure lists and free listings of hud homes for sale. Most of our users start with a broad search with the homesearch online tool to see the most HUD properties and foreclosure lists in your area and narrow their search down with the Homefinder online tool. The homefinder online tool is a custom filter system that we breakdown the area based upon filters such as convention and foreclosure listings. This give you the option to filter out conventional listings and focus on just the foreclosures in the market. We thank you for making us Americas top home finding website for foreclosure and Hud properties. Free listings of hud homes for sale are hard to come by but should always be free and that’s the way things are going to stay on our website.

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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