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WOW! Welcome to Gedney House! This is the opportunity you've been waiting for. This gorgeous, fully-furnished Callicoon/Kenoza Lake area home sits on 10 acres with 4 possible rentals! Or you can live in one unit and rent the others to pay for your mortgage and taxes! The building has been tastefully renovated from top to bottom, with chic furnishings, lighting and appliances. All units, including the home, are ready to move right into-- well-maintained and meticulously cleaned. The main house is located in back with an attached 2-car oversized garage and paved driveway. There are 3 BR and bathrooms in the main home with a pass-through kitchen, and combo dining/living area. The BR on main floor and the Living area open to the deck out back. New windows have been installed in the garage and the floor was sealed, plus the basement has been cleaned, sealed, and a new sump pump installed. The primary bedroom in the main home opens to a lovely, private deck. Upstairs, find another good-sized BR, a full bath and laundry. Now to the apartments: they have their own entrances off a common hallway. Apartment 1 is on the main floor, with nice-looking floors throughout. It's a 1 BR, 1bath unit with a washer-dryer, living room, dining room or eat-in kitchen. Upstairs find Apt 2: a 2 BR/1 bath unit with a spacious living area, nice kitchen and washer-dryer with heavy-duty vinyl flooring. Apt 3: Also upstairs-- 2 BR and 1 bath. Has a cheery kitchen, open floor plan with a dining area, living room and nice-sized bedrooms. All units have A/C. and electric heat. There is also a 4th floor which is ready to be finished to your taste. New vinyl floors, porthole windows and a cool loft space. This area is able to be locked off for an owner's space. The whole apartment building has a sprinkler system for peace of mind. The ten acres has a lot of flat cleared land around the homes for outside fun. The remainder of the land is woodedSuch a great location, too-- Kenoza Lake is central to Callicoon with its nice shops, restaurants, theater, Farmers Market, bowling alley and the Delaware River. It's just minutes away from Bethel Woods Center for the Arts, for concerts and markets. It's a popular rental for Bethel Woods concert-goers. . . it has a 5-star lodging rating! Just a short drive to Jeffersonville and Narrowsburg as well, not to mention Livingston Manor and Roscoe. Easily accessible off 17-B and Rt 52. With the area's housing shortage, this is a perfect opportunity for passive income, while helping others! Make your appointment to see this gem today!
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NMLS Mortgage Loan Originator ID 81725
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
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|---|---|---|---|
| Loan Amount | $639,200 | $639,200 | $639,200 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.875% | 6.375% | 5.490% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.345% | 6.533% | 5.783% |
| Monthly Tax Payment | $742 | $742 | $742 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $3,781 | $3,988 | $5,219 |
| Total Monthly Payment | $4,615 | $4,822 | $6,053 |
* 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.