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12 Bully Hill Drive
North Branch, NY 12766
$699,000
Conventional
Property
Bedroom
3
Bathroom
2
Property Type
Conventional
Square ft
1554
Property Description
Bully Hill Modern is a beautiful expression of design, craftsmanship, and taste. The home has been carefully renovated by owners who cared passionately about the details, and wanted the house to be built for year round living, and not a flip or rental. Set well back from the private road down a gravel driveway, you feel a sense of peace and privacy as you approach the property. As you reach the end of the drive and arrive at the home, you'll first notice how the natural wood and modern black exterior harmonize perfectly with the surroundings, and the pitched black roof creates a handsome silhouette against the forested backdrop. Entering through the glass front door you are welcomed to an open layout, with a natural flow between kitchen, dining area, and living room. The kitchen showcases custom built cabinets and striking countertops and backsplash, made of Italian marble terrazzo designed by furniture artist Max Lamb. The dining area is surrounded by sliding glass doors and large windows, allowing for country breezes, mountain views, and plenty of natural light. A spacious living room connects the kitchen and dining space to the bedrooms at the back of the house. A wood burning stove sits ready to offer warmth and comfort at the far end of the room. There are three bedrooms, with the primary bedroom being en suite. The two bathrooms have both been recently renovated with imported Italian tile that gives each bathroom the clean lines and natural palette of a modern spa. Additionally the sinks, vanities, tubs, and lights have all been freshly updated. The home is equipped with a whole-house generator so there is never a fear of a power outage. There is also high-speed internet so working remotely is no issue. Finally, there is a split-unit in the living room which provides A/C to the whole home on the warmest days of summer, or a bit of extra heat on the coldest days of winter. The grounds are spread out over more than 7 acres with a private swimming pond, as well as an expansive grass lawn. There is a fenced in raised-bed garden with ample space for flowers and vegetables. Also, an attractive storage shed provides space for firewood, gardening and lawn tools, as well as room for kayaks and mountain bikes. Finally, the location is incredibly convenient. The elevated dining of the North Branch Inn, the curated goods from the North Branch Cider Mill, and the area's best breakfast sandwich at Rease's Cup are all less than 5 minutes away. Callicoon, with its movie theater, distillery, shops, and access to the Delaware River is only 10 minutes away.
Property Information
Lot Size
7 acre(s) square ft
Property Type
Residential
Year Built
2009
MLS Number
20242340
Location
Address
12 Bully Hill Drive
City
North Branch
State
NY
Zip Code
12766
County
SULLIVAN
Listing
Provider
Country House Realty, Inc., original listing
Name
Country House Realty, Inc.
Phone
(845) 985-5116
Office Name
Country House Realty, Inc.
Office Phone
(845) 397-2590
Agent Name
William Baldwin

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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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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.