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Set across an extraordinary 72. 4 acres spanning four parcels in the Towns of Olive and Marbletown, this rare Catskills offering presents a unique opportunity to create a legacy property in one of the Hudson Valley's most serene and sought-after locations. Nestled just south of the Ashokan Reservoir, the land unfolds with a harmonious blend of wooded privacy, striking mountain views, and dramatic natural features. Two of the parcels descend to a breathtaking cliffside setting overlooking and bordering the Esopus Creek, offering a truly special vantage point rarely found in the region. Portions of the property also border protected conservation lands, enhancing both privacy and the natural surroundings. The property includes a historic residence and classic barn situated on a 16. 2-acre parcel, providing a foundation for restoration or reimagination. The home requires renovation but offers valuable existing infrastructure including electricity, well, septic, and a charming rustic stone fireplace. A former hay and horse barn, located just down the driveway from the home, adds further character and potential for a variety of uses. Throughout the acreage, you'll find established stone walls, old paths, and driveways that hint at the land's history and provide a framework for future use. While these access points require clearing, they open the door to multiple potential homesites, many offering secluded settings and seasonal or year-round mountain views. With its size and configuration, the property is well-suited for subdivision, estate development, or a private compound, allowing for a range of possibilities tailored to your goals. Despite its peaceful, tucked-away setting on quiet country roads, the property remains conveniently located--approximately 20 minutes to Stone Ridge, Woodstock, and Kingston--providing easy access to the best of the Hudson Valley's dining, arts, recreation, and outdoor pursuits. This is a rare chance to shape a remarkable piece of Catskills landscape--whether restoring its past or creating something entirely new. Endless potential. Unmatched setting. A true legacy property in the making.
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Our Executive Mortgage Banker:
Our Insurance Division:
$850,000
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
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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|---|---|---|---|
| Loan Amount | $680,000 | $680,000 | $680,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.500% | 6.125% | 6.000% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.165% | 6.259% | 6.183% |
| Monthly Tax Payment | $644 | $644 | $644 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $3,861 | $4,132 | $5,738 |
| Total Monthly Payment | $4,597 | $4,868 | $6,474 |
* 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.