Opportunity Knocks — Historic Compound with Tremendous Upside. This is an ideal purchase for a developer, investor, or creative buyer ready to restore, improve, and reimagine a unique Hudson Valley property.... three buildings on two lots, a charming country church with many stained glass windows, a second mezzanine floor and beautiful architectural features, a large assembly hall which includes a kitchen, basketball court, dining hall and other meeting rooms, and finally a 3 bed parsonage farm house which includes a rocking chair front porch and a back deck for summer BBQ's. The house is currently rented month to month. This property has been priced significantly under both the recent appraisal, which totals approx.1.27 million (available upon request) and the full market value/per tax records of 1.8 million. This property is also being marketed as 1926 Rt 44 55, SBL 101.1-2-4. With vision, imagination and determination this compound can be turned into a solid investment. Square Footage breakdown is approximately - Church Hall / 6,935 , House /1,275, Church 3,370
1928 Rt 44 55, Modena, NY, 12548
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) 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.
CT Mortgage Lender ML-2630 - MA Mortgage Lender and Mortgage Broker #MC2630 - NH Mortgage Banker #11083-MB - RI Mortgage Lender & Mortgage Broker #20051918LL & #20051919LB - NY Licensed Mortgage Banker - NYS Department of Financial Services LMBC 106535 / B500898 - NJ Residential Mortgage Lender 2630 - FL Mortgage Lender MLD1388 - VT Lender & Mortgage Broker #6952 & #1297MB