8 Oak Drive, New Windsor, NY, 12553 | $849,000

LOW RATE ASSUMABLE MORTGAGE! Home is FULLY AVAILABLE! Welcome to 8 Oak Drive with an assumable mortgage which carries a 2. 25% interest rate! Discover the perfect blend of comfort and opportunity in this beautifully maintained home featuring a guest home with rental income potential! Whether you're looking for multi-generational living, a private home office, or a lucrative short-term rental, this property delivers flexibility and charm in one unique package. Nestled in a desirable neighborhood, it’s more than a home—it’s an investment in your lifestyle! This beautifully updated two-home property features a charming main house and a detached cottage on a spacious . 34-acre lot. The main house, freshly painted in 2024, boasts modern LVP and hardwood floors, a welcoming front porch, and a newly painted deck. It includes 4 bedrooms and 3 full baths, with open-concept living spaces, walk-in closets, a full attic, and a cemented crawl space for ample storage. The detached two-story cottage, offering over 1, 200 sq ft of living space, comprises 2 bedrooms and 2 baths, along with a full kitchen, laundry facilities, and plenty of storage. This versatile space is ideal for rental income or multi-generational living. Both homes are equipped with central AC and heating, and there’s no carpeting throughout. Situated in the desirable Beaver Dam Lake community, this property provides lake rights and year-round recreational activities, including swimming, kayaking, and fishing. Families will appreciate the top-rated Cornwall School District. Conveniently located, it offers easy commutes to NYC, is just 9 miles from West Point, 4 miles from Stewart International Airport, and only . 9 miles from the Salisbury Mills train station. This property presents a rare opportunity for flexible living arrangements and income potential!

Features

  • Rooms: 12
  • Bedrooms: 6
  • Baths: 5 full
  • Laundry: Laundry Room
  • Style: Other
  • Year Built: 1949
  • Heating: Forced Air, Oil
  • Cooling: Central Air
  • Approx Sq. Feet: 4,407
  • Acreage: 0.35
  • Est. Taxes: $16,324
  • Elem. School: Willow Avenue Elementary School
  • Middle School: Cornwall Middle School
  • High School: Cornwall Central High School
  • School District: Cornwall
  • Appliances: Dishwasher, Microwave, Oven, Range, Refrigerator
  • MLS#: 890834
  • Days on Market: 232 days
  • Website: https://www.raveis.com
    /prop/890834/8oakdrive_newwindsor_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 Redfin Corporation   Phone: 914-618-5318

William Raveis Family of Services

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Frank KolbSenior Vice President - Coaching & Strategic, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 81725

203.980.8025

Frank.Kolb@raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
  • Offers you pre-approval in minutes!
  • Provides a guaranteed closing date that meets your needs
  • Has access to hundreds of loan programs, all at competitive rates
  • Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction

Ryan FortierInsurance Sales Director, William Raveis Insurance

516.739.7731

Ryan.Fortier@raveis.com

Our Insurance Division:

  • Will Provide a home insurance quote within 24 hours
  • Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
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    Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable

8 Oak Drive, New Windsor, NY, 12553

$849,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Frank Kolb

Senior Vice President - Coaching & Strategic

William Raveis Mortgage, LLC

Phone: 203.980.8025

Frank.Kolb@raveis.com

NMLS Mortgage Loan Originator ID 81725

5/6 (30 Yr)
Adjustable Rate Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $679,200 $679,200 $679,200
Term 360 months 360 months 180 months
Initial Interest Rate** 5.250% 6.000% 5.750%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.069% 6.110% 5.932%
Monthly Tax Payment $1,360 $1,360 $1,360
H/O Insurance Payment $92 $92 $92
Initial Principal & Interest Pmt $3,751 $4,072 $5,640
Total Monthly Payment $5,203 $5,524 $7,092

* 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.