Welcome to 408 Balmville Terrace, where comfort, simplicity, and opportunity come together in one of Newburgh’s most desirable locations. This 3 bedroom, 1 bath ranch offers true single level living with a functional layout that makes everyday life easy. Built in 1955 and thoughtfully cared for over time, the home features 1, 066 square feet of living space, an attached garage, and a seamless flow throughout. Inside, you will find a spacious living area, a well sized primary bedroom, and a fully updated bathroom that brings a modern touch to the home. Radiant floor heating adds a level of comfort you will appreciate year round, while the consistent flooring throughout creates a clean and cohesive feel. Step outside to enjoy a private backyard with a patio space that is perfect for relaxing, entertaining, or simply enjoying your own outdoor retreat. The lot is manageable, making it ideal for anyone looking for low maintenance living without sacrificing usable space. Set on a quiet dead end road in the heart of Balmville, this location offers convenience to major highways, local shopping, dining, and a short drive to the Beacon train station for commuters. With low taxes and solid bones, this is a great opportunity for a first time buyer or anyone looking to get into a desirable area with minimal work needed to make it their own. The home is in good overall condition, offering the ability to move right in while adding personal touches over time. If you have been waiting for the right combination of location, value, and potential, this is one you will not want to miss.
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Our family of companies offer our clients a new level of full-service real estate. We shall:
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Our Executive Mortgage Banker:
$370,000
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
|
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
|---|---|---|---|
| Loan Amount | $296,000 | $296,000 | $296,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.990% | 6.375% | 5.625% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.370% | 6.524% | 5.866% |
| Monthly Tax Payment | $315 | $315 | $315 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $1,773 | $1,847 | $2,438 |
| Total Monthly Payment | $2,163 | $2,237 | $2,828 |
* 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.