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153-155 Tinker Street
Woodstock, NY 12498
$999,750
Conventional
Property
Bedroom
5
Bathroom
3
Property Type
Conventional
Square ft
2111
Property Description
Woodstock Residence with Detached Building Featuring Three Apartments Welcome to 153 Tinker Street, nestled in the heart of Woodstock, NY, renowned for its artistic community, cultural vibrancy, and natural beauty. This exceptional property offers the best of both worlds - village living but with the feel and privacy of the Woodstock countryside. This is a unique opportunity to live in a stunning main residence while enjoying the added benefit of rental income from a detached 1850's building boasting three spacious apartments. This bright cedar-sided barn-style home, meticulously reconstructed from the original barn on site, boasts five bedrooms and three bathrooms. Built in 1992, it received a bedroom-suite wing addition in 2008. Expansive open-concept living, updated modern kitchen, floor-to-ceiling windows that provide breathtaking views of nature and oak floors that grace the interior. The main living space features a dramatic cathedral ceiling adorned with hand-hewn beams and a cozy wood stove. Adjacent to the Comeau Land Preserve on two sides gives the house a sense of space, tranquility and nature right at your doorstep. Featuring three separate apartments, plus a studio, the detached building offers comfortable living spaces and private parking while providing excellent rental income potential. An Additional separate art gallery building, perfect for showcasing your creative endeavors or working from home. A pool, verdant gardens, stone patios and walkways surround the property, creating a serene oasis and ideal areas for entertaining and relaxation. Enjoy the convenience of walking to Woodstock's charming town center, with its eclectic mix of restaurants, bakeries, shops, and galleries.. Don't miss this rare opportunity to own a slice of Woodstock Your secret village oasis awaits with year round income and an artist's gallery and studio. Unique opportunity to own a wonderful in town property featuring a dramatic custom built contemporary open flow barn style main house with in ground pool, hidden from the road, along with a 3 unit 1850's rental property, and a gallery building. This very special property has been owned by renowned artists since the 1950's, and is the first time on the market. It currently houses the Lily Ente Gallery which was the workplace of the sculptor/print maker, and her daughter, sculptor and educator Paulette Esrig. The sun filled cedar sided barn style home (was completely rebuilt from the original barn on this site) features 5 bedrooms, 3 bathrooms, and was built in 1992, with a master bedroom wing added in 2008 that was designed by the current owners. As you enter, custom stained glass windows and a skylight warm the entryway as it leads to the open concept living/kitchen/dining area with wall sized windows that bring nature right into view. Oak floors throughout, dramatic cathedral ceiling with hand hewn beams in the main living area, and a wood stove. Also feature Anderson windows with screens throughout. Doors lead to the blue stone patio with artfully designed perennial gardens that have a drip and sprinkler system, a privately sited in ground 4 foot deep, 25' diameter round salt water pool, changing room, and the gallery. Borders the Town of Woodstock Comeau property. The 2008 addition is ground level, and privately located in the main house. The serene master bedroom has an en suite bath with radiant heated floors, skylight, with granite and travertine walls and floor. The bedroom has a cathedral ceiling with hand hewn beams, and leads to a private deck for quiet moments, meditation, and views of the gardens. The lovingly cared for main house has a whole house generator, 2 propane heating systems, 2 central AC systems, a fire and security system, and 2 storage sheds and an attic accessible by a pull down. The charming front house dates back to the 1850's and was rumored to be the original parsonage to the church across the street. It is a well maintained building that features 3 one bedroom units with kitchens, and 2 units are currently rented and have Anderson windows, propane heat. Separate entrance for upstairs apartment. The gallery building has wonderful interior lighting, oak floors, cathedral ceiling, abundance of storage shelving. There is a spacious alcove for additional work space and storage. Gallery is propane heated, has an alarm system, and window unit AC. Handicap access by ramp. For buyers looking for a creative and very special opportunity to live, work, and generate income, this property offers great possibilities in our desirable community of Woodstock, New York!
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
1992
MLS Number
20242344
Location
Address
153-155 Tinker Street
City
Woodstock
State
NY
Zip Code
12498
County
ULSTER
Listing
Provider
Keller Williams Realty Hudson Valley North, original listing
Name
Keller Williams Realty Hudson Valley North
Phone
(914) 443-6165
Office Name
Keller Williams Realty HV Nort
Office Phone
(845) 481-2700
Agent Name
Dennis Bressack

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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.