36 Seven Lakes Drive, Sloatsburg, NY, 10974 | $665,000
Special opportunity for investment or development at the foothills of Harriman State Park. This completely level, 0. 96 acre lot, enjoys a timeless 2 family home with cobble stone and stucco facade and a cozy cottage that sits just back off the Stony Brook. Located in the R-10 Zone and with two curb cuts existing along Seven Lakes Drive, this property is prime for redevelopment. R-10 allows for a house every 10, 000 SF of land. This property consists of 41, 818 SF! By right, you should be able to keep the existing structures and subdivide the property into another two buildable lots. If re-development is not your thing. . . this is still an amazing opportunity! Live in the two family home and rent the cottage. Live in the two family home and use the cottage as your art / music studio. The setting is beautiful and with a little imagination, this could be the dream home or weekend retreat that you've been waiting for. The property has 2 gas meters - One meter serves the 1st floor of the main house and basement, the second meter serves the 2nd floor and the cottage. The property has one electric meter (owner pays) and one water meter (owner pays). Over 300' of frontage along the Stony Brook, I can already see the fire pit, hammocks and Adirondack chairs. Escape into the Park for riding or hiking, enjoy a cup of coffee at your favorite cafe, or take the train into Ridgewood, NJ or NYC for a day trip. It's all here waiting for you!
Features
- Bedrooms: 3
- Baths: 3 full
- Style: Cape Cod, Cottage
- Year Built: 1947
- Garage: 1-car
- Heating: Hot Water, Natural Gas
- Cooling: None
- Basement: Full, Storage Space, Unfinished
- Acreage: 0.96
- Est. Taxes: $15,548
- Lot Desc: Irregular Lot, Level, Near Public Transit, Near School, Part Wooded
- View: Neighborhood, River
- Water Front: Yes
- Elem. School: Sloatsburg Elementary School
- Middle School: Suffern Middle School
- High School: Suffern Senior High School
- School District: Suffern
- MLS#: 898409
- Days on Market: 206 days
- Website: https://www.raveis.com
/prop/898409/36sevenlakesdrive_sloatsburg_ny?source=qrflyer
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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
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36 Seven Lakes Drive, Sloatsburg, NY, 10974
$665,000
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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
|---|---|---|---|
| Loan Amount | $532,000 | $532,000 | $532,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.250% | 6.500% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.375% | 6.638% | 5.972% |
| Monthly Tax Payment | $1,296 | $1,296 | $1,296 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $3,276 | $3,363 | $4,418 |
| Total Monthly Payment | $4,664 | $4,751 | $5,806 |
* 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.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
NY Licensed Mortgage Banker-NYS Banking Department LMBC 106535