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Welcome to a truly extraordinary opportunity to own a piece of history and a slice of natural paradise with this remarkable historic Lakefront home. This 2, 692 square foot gem, boasting 4 bedrooms and 3 full baths, is situated on a sprawling 7. 18-acre estate , waiting for a visionary enthusiast to restore it to its former glory. Built in 1939 and designed by the renowned New Yorker, Eugene Schoen, as one of just five homes on the picturesque 48-acre Gillman Pond, a non-motorboat lake with catch and release fishing. Noted for its exceptional fishing, this property is a testament to timeless architectural elegance and historical significance. Nestled within the embrace of the Neversink Unique Area, you'll be surrounded by 5, 466 acres of state-owned FOREVER WILD land, ensuring a lifetime of unspoiled natural beauty. Located off Cold Spring Road, this property offers both seclusion and accessibility. You're just moments away from the Monticello Motor Club, World Catskills Resort Casino, Kartrite Waterpark, Bethel Woods, Sullivan County International Airport, Forestburgh Playhouse, golf courses, shopping, and more. With its historic pedigree, idyllic lakefront setting, and proximity to an array of amenities, this offering represents a rare opportunity for those with a vision to create their dream home. Whether you seek a private retreat, a place for outdoor exploration, or simply a piece of history to cherish, this property holds boundless potential. An adjoining 83 wooded acres is available as a separate purchase. Additional Information: Heating Fuel: Oil Above Ground, ParkingFeatures: 1 Car Attached, 3 Car Detached,
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Our Executive Mortgage Banker:
Our Insurance Division:
$775,000
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 | $620,000 | $620,000 | $620,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.125% | 6.875% | 5.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.906% | 7.025% | 6.026% |
Monthly Tax Payment | $784 | $784 | $784 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,767 | $4,073 | $5,149 |
Total Monthly Payment | $4,643 | $4,949 | $6,025 |
* 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.