Drenched in History, the former Charles E. Otis House was built in 1900 for the grandson of Elisha Graves Otis, founder of Yonkers own Otis Elevator Company. A classic Tudor Revival, it sits high above all others in The Delavan Terrace Historic District. The home was added to the National Register of Historic Places in 1983. The Tudor Revival features exterior stucco, a recessed four-centered pointed-arch entrance porch, and a projecting gabled entrance pavilion featuring half-timbering and wood consoles. A grand entry foyer, all original woodwork, a massive stone fireplace and 7 additional fireplaces greet you on cold winter nights. On summer nights, take in the cool Hudson River breezes while visions of another era abound. Entertain in the parlor/sitting room that flows out through French doors to the oversized circular porch. There's built-in outdoor seating throughout levels of the porch. From the parlor room, wander into the formal living room and dining room, which is a masterpiece of craftsmanship with wood-crafted built-ins. The kitchen was redesigned in the late 90's early 2000's in Scandinavian style for a neutral look. Already large with numerous cabinets and pantries, it opens into a large family room. An office, powder room, mud/lndry room finish the first floor. The back stair case takes you to one bedroom and an additional room. Then up a little further to 4 additional bedrooms including the Primary with Primary bath and a full hall bath. There's a two-car garage and driveway. Partially fenced backyard and patio area for dining. A large, unfinished basement with multiple rooms, offers potential. Invest in the ever growing Yonkers, while retaining a piece of its history in this grand, historic home. Whether end user or investor the house offers incredible potential. Keep the beauty and renovate the essentials for a fabulous historic home. 1/2 a block to transportation, mins to Yonkers, Glenwood or Greystone Metro North and a 30 Train ride to Grand Central. Great location close to all. Already low taxes do not include the STAR Exemption of approximately $900. AO
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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 | $599,200 | $599,200 | $599,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.984% | 7.146% | 6.256% |
Monthly Tax Payment | $1,072 | $1,072 | $1,072 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,986 | $3,982 | $5,053 |
Total Monthly Payment | $5,150 | $5,146 | $6,217 |
* 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.