596-598 Freedom Plains Road, Poughkeepsie, NY, 12603 | $499,000

Welcome to this unique residential multi-family opportunity located within the Arlington Central School District in the town of LaGrange! Offering two separate homes on one property with a potential of $4, 500+/month combined with the vacant lot next door for over an acre of property total. Possible expansion opportunity! This is perfect for owner-occupants, multi-generational living, or investment potential. The primary residence is a charming Cape Cod-style home featuring 3 bedrooms and 2 full bathrooms, filled with warmth and character throughout. Step inside to a spacious and inviting living room with rich wood-paneled accents, beautiful hardwood flooring, and a striking stone fireplace that creates a cozy focal point. The layout flows seamlessly into a formal dining room, ideal for hosting gatherings, while the oversized kitchen provides abundant cabinetry, stainless steel appliances, and a distinctive brick accent alcove that adds both charm and functionality. A first-floor bedroom and full bathroom offer flexible living options, while upstairs you’ll find two generously sized bedrooms and an additional full bath, creating a comfortable and private retreat. The home continues to impress with a large rear deck perfect for outdoor entertaining, overlooking a level yard that provides plenty of usable space for recreation or relaxation. Complementing the main home is a separate cottage-style dwelling completely renovated with it's own electric meter, offering 1 bedroom, den and 1 full bathroom, ideal as a rental income opportunity, guest house, or private space for extended family, adding exceptional versatility and value to the property. Over half an acre of vacant land next to the property as well combined with the sale. Conveniently located near shopping, dining, schools, and major commuter routes, this property offers the perfect blend of charm, space, and income potential in a prime Hudson Valley location. Don’t miss this rare opportunity to own a multi-home property with endless possibilities! You don't want to miss this one, schedule your showing today!

Features

  • Bedrooms: 4
  • Baths: 3 full
  • Laundry: In Kitchen
  • Style: Cape Cod
  • Year Built: 1932
  • Heating: Hot Water, Oil
  • Cooling: None
  • Basement: Full
  • Acreage: 1.06
  • Est. Taxes: $8,405
  • Lot Desc: Subdivided
  • Elem. School: Noxon Road Elementary School
  • Middle School: Lagrange Middle School
  • High School: Arlington High School
  • School District: Arlington
  • MLS#: 985386
  • Days on Market: 26 days
  • Website: https://www.raveis.com
    /prop/985386/596598freedomplainsroad_poughkeepsie_ny?source=qrflyer
Listing information has been assembled from various sources of varying degrees of reliability. Any information critical to the buying decision should be independently verified.Listing courtesy of KW MidHudson   Phone: 914-962-0007

William Raveis Family of Services

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Customer Service

888.699.8876

Contact@raveis.com

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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
  • Offers you pre-approval in minutes!
  • Provides a guaranteed closing date that meets your needs
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596-598 Freedom Plains Road, Poughkeepsie, NY, 12603

$499,000

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 $399,200 $399,200 $399,200
Term 360 months 360 months 180 months
Initial Interest Rate** 5.625% 6.625% 5.750%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.133% 6.739% 5.952%
Monthly Tax Payment $700 $700 $700
H/O Insurance Payment $75 $75 $75
Initial Principal & Interest Pmt $2,298 $2,556 $3,315
Total Monthly Payment $3,073 $3,331 $4,090

* 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.