18 Bancroft Road, Poughkeepsie (Poughkeepsie City), NY, 12601 | $1,499,999

Incredible opportunity to purchase approx. 7. 5 level acres in City of Poughkeepsie. Build single family or possible cluster housing units. 1 Mile from Poughkeepsie Central Business District area, U. S. Route 9 is 1. 5 Miles away and 3. 3 Miles from Poughkeepsie Train Station (Hudson Line) and Amtrak Services. Survey attached to listing. Potential to purchase adjacent two buildings totaling approx. 15, 000 SF. (MLS #6293709 includes buildings and land) ). Main building is approx. 12, 016 SF, with M/F shower locker rooms in basement. Second building is currently used as a single family house (approx. 2973 SF). R1 zoning.

Features

  • Town: Poughkeepsie
  • Zoning: Other
  • Lot Desc: Level, Cleared, Part Wooded, Possible Sub Division, Stone/Brick Wall
  • Water Front: Yes
  • Elem. School: Alden Place Elementary School
  • Middle School: Poughkeepsie Middle School
  • High School: Poughkeepsie High School
  • School District: Poughkeepsie
  • MLS#: H6288568
  • Days on Market: 113 days
  • Website: https://www.raveis.com
    /prop/H6288568/18bancroftroad_poughkeepsie_ny?source=qrflyer
Listing information has been assembled from various sources of varying degrees of reliability. Any information critical to the buying decision should be independently verified.

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Jen.Johnson@raveis.com

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NMLS Mortgage Loan Originator ID 16953

917.838.7300

Melissa.Cohn@raveis.com

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18 Bancroft Road, Poughkeepsie (Poughkeepsie City), NY, 12601

$1,499,999

Jen Johnson

Sales Associate

William Raveis Real Estate

Phone: 812.664.6336

Jen.Johnson@raveis.com

Melissa Cohn

RVP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 917.838.7300

Melissa.Cohn@raveis.com

NMLS Mortgage Loan Originator ID 16953

5/6 (30 Yr)
Adjustable Rate Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $1,199,999 $1,199,999 $1,199,999
Term 360 months 360 months 180 months
Initial Interest Rate** 6.125% 6.875% 6.500%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.430% 6.977% 6.664%
Monthly Tax Payment N/A N/A N/A
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $7,291 $7,883 $10,453
Total Monthly Payment $7,416 $8,008 $10,578

* 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.