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UNDER CONSTRUCTION. Welcome to the ILAN model—an elegant ranch-style home where modern comfort meets thoughtful design, now actively under construction in the desirable Elm Farm Estates. With the foundation already in place, this is a rare opportunity to step into the building process and personalize key finishes and selections to suit your style. Positioned on an elevated homesite, this home captures valley views and offers a natural backdrop. Imagine unwinding on your future deck while taking in breathtaking sunset views—an everyday luxury that truly sets this property apart. The ILAN model features a spacious and flexible layout with 3–4 bedrooms, 2 full baths, and a versatile study or den—perfect for a home office, guest space, or additional living area. The open-concept living room is highlighted by vaulted ceilings, creating a bright, airy atmosphere ideal for both everyday living and entertaining. At the center of the home, the chef’s kitchen is designed to impress, complete with an oversized island, ample cabinetry, and a convenient walk-in pantry. Two secondary bedrooms share a well-appointed hall bath, while the private primary suite offers a peaceful retreat with its own full bath and generous walk-in closet. Additional features include a 2-car garage, dedicated laundry room, and seamless indoor-outdoor flow to both the patio and covered front porch—perfect for enjoying the surrounding scenery. This is also the only model currently available with a slab foundation, offering a unique option within the community. The home includes a full unfinished basement, providing endless potential for future expansion—whether you envision additional living space, a recreation room, home gym, or abundant storage. Equipped with state-of-the-art heat pump systems, this home delivers year-round comfort with energy efficiency and reduced utility costs. Located in the heart of the Hudson Valley, Elm Farm Estates is a thoughtfully designed community of 52 new homes, surrounded by scenic beauty and a welcoming neighborhood feel. Residents enjoy close proximity to charming village shops, local restaurants, and everyday conveniences, while also benefiting from easy access to I-84, I-87, and Metro-North—making commuting to New York City, just 60 miles away, simple and convenient. The nearby city of Newburgh continues to thrive, offering growing business and employment opportunities. For more details—including updated photos, maps, and a 3D simulation of Elm Farm Estates—please visit our website. ENTRANCE TO THE SITE: FROM FOSTERTOWN RD
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Our Executive Mortgage Banker:
$655,000
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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
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|---|---|---|---|
| Loan Amount | $524,000 | $524,000 | $524,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.750% | 6.250% | 5.375% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.275% | 6.410% | 5.595% |
| Monthly Tax Payment | $1,042 | $1,042 | $1,042 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $3,058 | $3,226 | $4,247 |
| Total Monthly Payment | $4,192 | $4,360 | $5,381 |
* 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.