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Fantastic Investment Opportunity - Two Homes on One Lot! Presently an ABNB property!Nestled in a village setting within walking distance to the charming village and park, this property offers tremendous potential for both living and income generation. The front house boasts 8 bedrooms and 2 1/2 baths, with a unique floor plan layout offering diversity of space when renting this property short term! A welcoming front porch perfect for relaxing or entertaining. The bedrooms provide plenty of room for family or guests, making this home ideal for a variety of living arrangements. A Fireplace & Sauna along w/ an outside hot tub are just a few amenities this place has to offer. Nice Large EIK 2 Living-room Areas & Plenty Of Space For All To Gather!The renovated 2-bedroom, 1. 5-bath guest cottage is a real standout, offering modern updates and cozy living space. A fireplace that creates a nice cozy ambiance for all to enjoy. T & G throughout the premises, wraparound deck to Enjoy the luxurious hot tub , Stainless steel BBQ Grill, perfect for unwinding after a day of skiing or exploring the area. This property's location is a year-round haven for outdoor enthusiasts. You'll be just minutes from hiking trails, fishing spots, state lakes, and the village park, offering endless recreational opportunities throughout all seasons. Plus, it's only a short drive to the ski resort, local restaurants, delis, and cafs. Whether you're looking to live in one home and rent the other, or take full advantage of the income potential, this is a must-see!Key Features: 8 bedrooms, 2 1/2 baths in the main house2-bedroom, 1. 5-bath renovated guest cottageHot tubs in both homesWalking distance to the village, park, and year-round activitiesClose to hiking, fishing, state lakes, and ski resort, golfing, swimming, & all activities the Great Northern Catskills Has To Offer!Excellent potential as a rental or income propertyKayaks are available to rent at the lake in the spring/summer to enjoy beautiful Rip Van Winkle Lake, located just a quick 5 minute walk away, complete with its own private lifeguarded beach, where you can swim, fish, canoe, kayak, and there's a playground, basketball court, and skate park for your kids!
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William Raveis Real Estate
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William Raveis Mortgage, LLC
Phone: 203.980.8025
Frank.Kolb@raveis.com
NMLS Mortgage Loan Originator ID 81725
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $799,200 | $799,200 | $799,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.750% | 6.625% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.712% | 6.764% | 6.435% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,664 | $5,117 | $6,853 |
Total Monthly Payment | $4,756 | $5,209 | $6,945 |
* 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.