Restoration Opportunity in Historic Sneden’s Landing – The Hagen House, circa 1780. The Hagen House is a two story frame cottage resting on . 82 acres in the storied community of Sneden’s Landing, one of the Hudson Valley’s most historic and sought after areas. A 1968 report prepared for the Historical Committee of the Palisades Library notes the house has long been regarded as one of the oldest dwellings in Sneden’s Landing and recounts differing traditions about its earliest construction, including one account suggesting a small portion of the home may date to around 1710 and was later expanded in the eighteenth century, while another attributes the home to Stephen Hagen around 1798, whose family name became associated with the property. The home retains many characteristics of an early Hudson Valley cottage including wide plank floors, two fireplaces and simple architectural lines reflecting its long history. The property should be understood as a restoration opportunity rather than a conventional renovation project. The house remains largely in its original and time worn condition and is being sold strictly as is. Best suited for a historically minded buyer seeking a true restoration, the offering presents a rare chance to revive and steward an early home within one of the Hudson River’s most storied enclaves. Located within the Orangetown Historic District, exterior alterations and restoration plans are subject to review by the Historic Areas Board of Review, a process intended to preserve the architectural integrity and historic character of this special community. Sneden’s Landing has long attracted artists and writers and those seeking a peaceful country setting within easy reach of Manhattan. The Hagen House presents a rare opportunity for thoughtful restoration within one of the Hudson Valley’s most historically rich settings.
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
|---|---|---|---|
| Loan Amount | $556,000 | $556,000 | $556,000 |
| 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 | 6.333% | 6.520% | 5.783% |
| Monthly Tax Payment | $1,514 | $1,514 | $1,514 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $3,289 | $3,469 | $4,540 |
| Total Monthly Payment | $4,895 | $5,075 | $6,146 |
* 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.