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Amazing opportunity in the heart of the Hudson Valley's Catskill Mountains. This charming well maintained income producing property has natural beauty inside and out. The open front porch with stone columns invokes a calm relaxed feeling to sit and enjoy nature all around you. Inside the main house there is beautiful original wood floors, trim, and doors, an eat in kitchen, large living room with stone fireplace and wood stove insert. Many windows bring in lots of natural light. Make your way up the charming wood staircase to the three bedrooms providing ample closet space. Full bathroom has some updates. There is a full dry basement excellent for additional storage and includes laundry. Attached to this lovely home is a one bedroom apartment with separate meter and heating. Perfect for overnight guests or a long term tenant. Live in the main house and rent the apartment to help pay the mortgage or rent both units for double the income. It's perfectly set up for either! Both home and apartment are vacant allowing for your choice of tenants and rent amounts-------Spacious yard, leveled and cleared, is primed and ready for perimeter fencing. Great space to add a pool or build your own gardens. The oversized one car garage with electric has its own uniqueness for the hobbyist. It already has a workbench and is a perfect size for storage, woodshop, etc. . . There is ample parking space on the paved driveway for tenants and guests. Located just a short ride from the Thruway, Woodstock and Phoenicia. This home is close to skiing, hiking and biking trails. What a great location for outdoor enthusiasts who want to remain active. Make this Gem part of your portfolio.
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Our Executive Mortgage Banker:
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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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $340,000 | $340,000 | $340,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.625% | 6.625% | 5.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.695% | 6.810% | 6.026% |
Monthly Tax Payment | $346 | $346 | $346 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,957 | $2,177 | $2,823 |
Total Monthly Payment | $2,378 | $2,598 | $3,244 |
* 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.