Presented byMeredith Zipper |
Welcome to "Rockholme" at 1 Heritage Hill Road, the last surviving grand home of the iconic Stearns Estate summer estate "Cedar Lawn. " Originally consisting of 99 acres, Cedar Lawn was purchased in 1849. After some dividing and sales in the mid-1900s, Rockholme the last piece owned by the Stearn family was sold to a private owner in 1978. Steeped in New York City and Irvington history, Isaac Stearn would sail his 200-foot yacht, Virginia, from Rockholme to New York City daily to manage his fleet of department stores. Built as a large hilltop summer home for entertaining, Rockholme is now perched in what is known as Dearman Park, a community of 16 recently built luxury homes. The original Cedar Lawn property is now home to Irvington's top-rated High School and Middle School, Irvington Woods, and O'Hara Nature Center, all within walking distance. Sitting on the largest 1. 75-acre parcel in the Dearman development, the home still boasts elegance and grandeur with views of the Hudson. This Colonial estate-style home features a grand entry foyer, grand staircase, back service staircase, and guest wing. It has 8, 167 square feet of living space, 3 finished levels, 10 bedrooms, 4 formal en-suite bedrooms, 5 full baths, 3 half baths, and 3 formal fireplaces. 2 butler pantries, a circular driveway, and a partially finished Basement with multiple workshops. The hardwood floors throughout the house are in good condition, and all utilities, electrical systems, and plumbing are functioning and in good working order. This is a unique opportunity to own and restore a true piece of New York and Westchester history that has withstood the test of time. There is potential to Grieve taxes
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Our Executive Mortgage Banker:
Our Insurance Division:
$2,250,000
Sales Associate
William Raveis Real Estate
Phone: 203.675.1780
Meredith.Zipper@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 203.415.2989
Brian.Skelly@raveis.com
NMLS Mortgage Loan Originator ID 793093
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $1,800,000 | $1,800,000 | $1,800,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.125% | 6.875% | 6.500% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.430% | 6.977% | 6.664% |
Monthly Tax Payment | $7,002 | $7,002 | $7,002 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $10,937 | $11,825 | $15,680 |
Total Monthly Payment | $18,064 | $18,952 | $22,807 |
* 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.