174 County Route 11, Gallatin, NY, 12567 | $1,450,000

Welcome to Gallatin Homestead, an amazing country property comprised of 57. 44 Acres, 2 Homes and multiple outbuildings. The property is made up of 47+/- acres of woodland, a 6+/- acre hay field and about 4 acres of area surrounding the homes and outbuildings. A natural stream flows through the property and is the delineation between the woodland and developed area. Home #1 is a Sidehall Colonial with addition. The home features 4 bedrooms, 3 baths and includes details such as solid oak doors, maple hardwood floors and wood stove insert in the living room fireplace. This home has a 38'x31' detached 3 car garage/workshop with large second floor. Home #2 is an Eyebrow Colonial with large front porch. This home features 5 bedrooms, 2 baths and includes details such as oak and maple hardwood flooring and wood burning stove in the living room. This home has a detached 24'x24' 2 car garage with second floor storage and firewood lean-to off the rear. The property also includes a massive 5 Bay 60'x120'x16' barn with 14' doors constructed in 2013. Within the barn, there is a 16'x18' office, 20'x34' machine shop and 18'x28' storage area all with loft space overhead. Radiant heating throughout with energy efficient spray foam insulation. A 18'x18' building with a 60kVA Onan Generator supplies energy to all structures on the property in the event of a power outage. On the edge of the 6+/- acre field is a partially enclosed pole barn, currently rented by the neighbor for storage. This property would make an incredible estate or compound with some updating and TLC. It is well suited for the outdoor enthusiast between the expansive workshop space and beautiful woodland with stream, natural rock outcroppings and nature trails. 18 miles to Hudson, 14 miles to Red hook and only 5. 5 miles from the Taconic State Parkway.

Features

  • Rooms: 9
  • Bedrooms: 4
  • Baths: 1 full / 1 half
  • Style: 2 Stories,Colonial,Side Hall
  • Year Built: 1948
  • Garage: Detached
  • Heating: Base Board,Hot Water
  • Basement: Full,Unfinished
  • Approx Sq. Feet: 1,952
  • Acreage: 57.44
  • Water Front: Yes
  • School District: Pine Plains
  • MLS#: 150538
  • Days on Market: 198 days
  • Website: https://www.raveis.com
    /eprop/150538/174countyroute11_gallatin_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.Listing courtesy of Coldwell Banker Advisor Realty

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Sarah AlvarezVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 1880936

347.223.0992

Sarah.Alvarez@Raveis.com

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174 County Route 11, Gallatin, NY, 12567

$1,450,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Sarah Alvarez

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 Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $1,160,000 $1,160,000 $1,160,000
Term 360 months 360 months 180 months
Initial Interest Rate** 6.125% 6.875% 6.625%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.430% 6.977% 6.790%
Monthly Tax Payment N/A N/A N/A
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $7,048 $7,620 $10,185
Total Monthly Payment $7,173 $7,745 $10,310

* 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.