Set within Newburgh’s Historic District, 58 Leroy Place is a grand Craftsman-style residence offering scale, architectural presence, and compelling long-term upside. Encompassing approximately 3, 929 square feet, the home showcases classic shake siding, stone detailing, and Craftsman proportions rarely found today. Currently configured as two residential income units and operated as student housing, the property generates in-place revenue while presenting a clear path to restoration as a distinguished single-family home. The primary residence features 4 bedrooms and 2. 5 baths, with generous room sizes and a layout that lends itself naturally to elegant single-family living. A third-floor 1 bedroom apartment provides supplemental income or flexibility for guest quarters, home office use, or live-in support. A full basement offers shared laundry facilities, abundant storage, and functional utility space to support either rental or owner-occupant use. Outside, an expansive yard and off-street parking add meaningful convenience—an increasingly valuable asset in the Historic District. Whether maintained as an income-producing property or thoughtfully restored to its former prominence, 58 Leroy Place represents a rare opportunity to acquire a substantial Craftsman home with income, land, and architectural integrity in one of Newburgh’s most established and desirable neighborhoods.
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$575,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
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 | $460,000 | $460,000 | $460,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.875% | 6.125% | 5.375% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.357% | 6.304% | 5.648% |
| Monthly Tax Payment | $1,546 | $1,546 | $1,546 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $2,721 | $2,795 | $3,728 |
| Total Monthly Payment | $4,359 | $4,433 | $5,366 |
* 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.