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Two housing options are available in the Village of Croton-on-Hudson: 1) A fully restored original Dutch Colonial 'Sears & Roebuck' home with a newly added bedroom OR 2) A brand-new construction Tudor home. Which one suits your style? See renderings & floor plans in photos for possibilities. The existing home is located on a prime corner lot, one of the best locations within the Village of Croton with proximity to all. Walk to the train, cafe, shops, schools, & dining. Close to outdoor attractions such as Hudson River & Riverwalk, Croton Gorge Park & Aqueduct Trail, Teatown Reservation, and more. OPTION 1: Complete Restoration & Expansion. This original 1, 600 SF Dutch Colonial 'Sears & Roebuck' home will be transformed into a 2, 600 SF luxury residence. The home will be taken down to the studs and rebuilt within the existing footprint + addition, into a high-efficiency, modern home while maintaining its classic charm. First floor will feature entry foyer to a formal dining room with a half bath, open concept gourmet kitchen into the living room, & office/bedroom ensuite. Second floor will feature primary bedroom ensuite, laundry room, office, two bedrooms with a shared bathroom. Partially finished basement. Detached 2-car garage. A perfect blend of historic character & modern luxury! Option 2: New Construction. This brand-new 2, 800 SF energy-efficient home will be built on a new foundation, offering modern luxury & thoughtful design. First floor (1, 185 SF) will feature a foyer, seamless flow from the open concept gourmet eat-in kitchen with seated island into the living room with French doors out to the patio, formal dining room, half bath, mud room, and access to the attached 2-car garage. Second floor (1, 615 SF) to include a primary en-suite with a luxury bathroom & walk-in closet, two bedrooms with walk-in closets, hallway bathroom, laundry room, & large bonus room/bedroom. Each level will be equipped with a router for added convenience. The basement will feature 9ft poured concrete walls & be finished for an additional 1, 000 SF of recreation space. Both options will feature foam insulation, heat pump HVAC, and a domestic heat pump hot water system. Inside, enjoy hardwood floors, upgraded trim, 60+ high hats, interior and exterior stairway lighting. The exterior will include a sod lawn with a sprinkler system, a paver driveway, walkway, and patio, along with landscape lighting, & exterior lights. Electric or Gas options available. Municipal Water & Sewer. Some Hudson River & Bridge views. Come see the existing home to envision your two options. Builder available for sit-down for minor adjustments. Renovation starting at $1. 599M & New Construction starting at $1. 999M.
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William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 347.223.0992
Sarah.DeFlorio@Raveis.com
NMLS Mortgage Loan Originator ID 1880936
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $1,279,920 | $1,279,920 | $1,279,920 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.500% | 6.625% | 6.125% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.614% | 6.727% | 6.309% |
Monthly Tax Payment | $985 | $985 | $985 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $7,267 | $8,195 | $10,887 |
Total Monthly Payment | $8,377 | $9,305 | $11,997 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.