Welcome to the Rose of the Mountain: Rosa del Monte Hotel the gateway to the Catskill Mountains. Historically known; but its today's opportunity to transform this property into your own venue, private family compound or business. This unique mountaintop lodge became famous by Hosting MTV's cast in the mini-series Winter Break at Hunter Mountain! Since then it's been treating families and groups to long winter weekends and cool summer getaways. The beat goes on and you can feel the vibe as you enter the retro black & white eat in kitchen seating 16 people, step up to the MTV Navajo color scheme family room /office area with painted mountains walls, mounds of textured pillows propped in front of the large screen TV. Pass through the antique cooler door to the bar room with comfy couches, propane fireplace, game room with 2 ensuites all on the main floor. Climb the 130 year old staircase to lined mountain decor hallways with additional bedrooms and tiled bathrooms. The third floor is currently used for storage, but possibility's are endless. Appointed outdoor living spaces include cover porches, a lite dining area for 30, BBQ and firepit. The detached 2 story Carriage Style barn brings additional space for business or pleasure. Don'tforget the continuous income from the 2-story rental unit with year-round income. This property is being sold as is and turnkey. Buyers need Commercial loan preapproval or Proof of Funds. Let us show you the Mountain Rose!
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Our Executive Mortgage Banker:
Our Insurance Division:
$599,000
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 | $479,200 | $479,200 | $479,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.250% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.945% | 7.133% | 6.256% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,269 | $3,185 | $4,041 |
Total Monthly Payment | $3,361 | $3,277 | $4,133 |
* 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.