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Presented by
Alliance Team |
Opportunity awaits at 20 Madison Ave, a legal single-family Colonial offering over 3, 300 square feet of interior space on a 0. 23-acre lot in Mount Pleasant. Currently configured as office space, legal 4 bed 1 bath, this property presents a unique chance to restore and customize a residential layout to suit your vision. Currently has month to month commercial tenants on 1st & basement and another on 2nd-3rd floors. The existing layout spans multiple levels and includes numerous finished rooms, providing flexibility for reconfiguration into a traditional single-family residence with multiple bedrooms, living areas, and workspace options. A full finished basement with walk-out access adds additional usable space, while the expansive lot offers room for outdoor enjoyment, parking, or future enhancements. The property features central air, public utilities, and a driveway with an 8-car parking lot. Conveniently located near the Taconic State Pway, 2 blocks from Metro North Valhalla stop on the Harlem Line, and local amenities, the location supports a variety of residential living needs. Important: Property is being sold as-is. There is currently no Certificate of Occupancy, and the Town reports three open/expired permits. Buyer is responsible for all due diligence, permits, and any required approvals. A rare opportunity to bring new life to a property with strong fundamentals, generous space, and long-term potential.
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
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Our Executive Mortgage Banker:
Our Insurance Division:
$775,000
Sales Associates
William Raveis Real Estate
Phone: 203.537.5288
alliancerealtygroup@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 203.274.0501
Gerry.OBrian@raveis.com
NMLS Mortgage Loan Originator ID 223191
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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 | $620,000 | $620,000 | $620,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.990% | 6.250% | 5.375% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.403% | 6.431% | 5.668% |
| Monthly Tax Payment | $1,408 | $1,408 | $1,408 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $3,713 | $3,817 | $5,025 |
| Total Monthly Payment | $5,213 | $5,317 | $6,525 |
* 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.