Introducing a tantalizing investment opportunity in the picturesque Town of Saugerties, just a short walk from Esopus Bend Park and its scenic trails. This sprawling 1890's farmhouse with a generous layout that includes 6 cozy bedrooms and 3 full baths, exudes charm and potential, eagerly awaiting a visionary touch. This property presents an ideal canvas for either a savvy investor or anyone yearning to create a personalized haven. Though there are some original details that echo the home's historic charm, they are in need of renovation to restore their former glory. It's a project that demands imagination and elbow grease, but the rewards promise to be immense. With municipal water and sewer services already in place, the property's bathrooms await a transformative renovation. Artists and telecommuters will find their sanctuary in the walk-up attic, perfect for a secluded studio or a quiet home office. The main floor bedroom adds to the convenience, while the necessity for TLC throughout the home provides a blank slate for renovation enthusiasts. The home is set on a 2/3 acre lot, adorned with mature trees and lush grounds that invite outdoor living and entertainment. An outside deck and a screened-in porch provide a setting for tranquil relaxation or hosting guests. The 2 car detached garage and a circular driveway enhance the functionality and appeal of the property. Don't miss the opportunity to seize this property where the end result could be nothing short of spectacular. This farmhouse, set in a friendly neighborhood setting, offers the space, character, and potential to become a treasured investment or a beloved family home.
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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.Alvarez@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 | $415,200 | $415,200 | $415,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.500% | 7.125% | 6.375% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 8.051% | 7.295% | 6.623% |
Monthly Tax Payment | $880 | $880 | $880 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $2,903 | $2,797 | $3,588 |
Total Monthly Payment | $3,875 | $3,769 | $4,560 |
* 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.