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A truly one-of-a-kind investment opportunity in the sought-after Chappaqua School District—2 houses for the price of one! This eclectic & historic property offers unmatched versatility, character & endless potential. Originally built in 1926 as a horse stable & previously home to a Houlihan Lawrence office, the property has served multiple uses over time, including commercial space & residential rentals. Designated as Property Class 280, this rare multi-residence offers 2 distinct homes set on a 1. 122 acre parcel, featuring a total of 4, 559 square feet, 6 bedrooms & 4 bathrooms. The left residence, a 2, 885 SQFT contemporary barn-style home features cathedral ceilings, a spiral staircase, large back deck, & a 1, 330 SQFT garage with oversized doors—perfect for a workshop, artist studio or even a car collection! Inside, you’ll find 3 bedrooms & 2 bathrooms in a loft-like layout. The right residence, a 1, 674 SQFT traditional-style home, offers a more classic floor plan with 3 bedrooms & 2 bathrooms, front & back porches, & an unfinished walk-out basement. Truly Special Property—Private, wooded park-like grounds, highlighted by Gedney Brook, which meanders behind both homes. Surrounded by protected land with no neighboring developments. Additional features include two separate driveways, one of which is a U-shaped driveway & parking for approximately 20 vehicles. Ideally located just minutes from both downtown Chappaqua and Mount Kisco, each offering a Metro-North station for an easy commute to NYC. Enjoy the convenience of being within walking distance to Seven Bridges Middle School and close to the North-South County Trailway, New Croton Reservoir, Kitchawan Preserve, Pruyn Audubon Sanctuary, as well as several swim and tennis clubs. Surrounded by nature and top-tier amenities—this location truly has it all. Single-family properties in this area typically generate rental income between $6, 000 and $12, 000 per month and sell for $1. 5 million to $2 million, offering excellent potential for high-ROI, cash flow, long-term appreciation, and strong resale value—making it an ideal opportunity for investors, contractors, flippers, or future homeowners. PLEASE NOTE: Exterior viewings available by appointment (serious buyers only). No interior showings prior to submitted offers. Property is being sold STRICTLY AS- IS & CASH OFFERS are strongly encouraged. Needs full updating/renovations A rare & extraordinary opportunity in one of Westchester’s most desirable areas.
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William Raveis Real Estate
Phone: 888.699.8876
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VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 347.223.0992
Sarah.DeFlorio@Raveis.com
NMLS Mortgage Loan Originator ID 1880936
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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|---|---|---|---|
| Loan Amount | $783,200 | $783,200 | $783,200 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.125% | 6.000% | 5.875% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.246% | 6.133% | 6.038% |
| Monthly Tax Payment | $1,933 | $1,933 | $1,933 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $4,264 | $4,696 | $6,556 |
| Total Monthly Payment | $6,289 | $6,721 | $8,581 |
* 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.