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281 Dewitt Road, Olive, NY, 12461 | $779,000
ONE OF THE MOST SPECTACULAR WATERFALLS IN ULSTER COUNTY is front and center on this extremely rare and unusual land offering. The visual beauty of the waterfall, stream, cliffs and land is unparalleled. Calming audio of the waterfall and rushing Mettacahonts stream is 24/7 and year-round. Pulling into the circular driveway you are greeted by a master stone worker's hand-built raised garden bed, showcasing gorgeous trees, flowering plants and shrubs. The two-story structure has an amazing office space on the second level featuring a large skylight and windows looking down onto the waterfall, cliffs and steam. The first floor can be utilized as a workroom, shed or potter's studio. A sweet old school summer sleeping quarters cottage circa 1930's is nestled in the woods and can be possibly turned into additional guest quarters / art studio. Paths to various points of interest on the land including a ladder allowing access to swim in the large pool of water at the base of the waterfall. Mossy glens are laced in and around the pines, hemlocks, and deciduous trees. A massive stone cliff is the backdrop behind the stream showcasing ferns, dogwood trees and various lush greenery. Dewitt is a very tranquil road with scant car traffic. Points of nearby interest: The Ashokan Reservoir is minutes away to enjoy the promenade. Access to all the wonderful destination places in the Accord/Kerhonkson area: Arrowood and Rough Cut Breweries, Ravenwood, West Wind Orchard, Mill and Main, The Flying Goose, and Inness Resort. Minnewaska State Park is only 15 minutes away. . . and Mohonk Preserve is just beyond it towards New Paltz. If you have ever dreamt of having your own personal waterfall. . . this property could be a dream come true with an opportunity to build your very own Falling Water 2. Note: Zillow states the property is in a flood plain rather incorrectly. . . the stream is at the base of a steep cliff and a home would be out of harms way if built at the upper elevation. 1000-gallon propane tank 1/2 full comes with the sale.
Features
- Zoning: R2
- Lot Desc: Private, Rock Outcropping, Waterfall, Wooded
- View: Water
- School District: Rondout Valley Central
- MLS#: 20251258
- Days on Market: 358 days
- Website: https://www.raveis.com
/prop/20251258/281dewittroad_olive_ny?source=qrflyer
Information is deemed reliable but is not guaranteed accurate by the MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Source: Hudson Valley Catskills RegionListing courtesy of Coldwell Banker Village GreenN
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Frank KolbSenior Vice President - Coaching & Strategic, William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 81725
203.980.8025
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Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
281 Dewitt Road, Olive, NY, 12461
$779,000
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 | $623,200 | $623,200 | $623,200 |
| 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 | 6.313% | 6.500% | 5.710% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $3,686 | $3,888 | $5,089 |
| Total Monthly Payment | $3,778 | $3,980 | $5,181 |
* 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.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
NY Licensed Mortgage Banker-NYS Banking Department LMBC 106535