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CALLING ALL CONTRACTORS, FLIPPERS, INVESTORS!!! This 1860s-style colonial property presents a residential investment opportunity and a fixer-upper project situated in the Town of Deerpark within the Hamlet of Sparrowbush. The structure is a two-story old style Colonial farmhouse featuring a covered first-floor porch supported by structural columns, and a second-story balcony enclosed by a railing. The property sits on just over a quarter acre lot containing mature landscaping and is bordered by a privacy fence along the left property line. Also featuring a paved driveway that extends past the main house and leads to a detached two-car garage at the rear of the parcel, offering options for vehicle parking or storage. Moving to the interior of the home – The layout retains its historical configuration, presenting opportunities for structural updates, surface restoration, and material upgrades to increase the overall asset value. The floor plan includes a formal dining room with hardwood flooring that requires standard refinishing processes. This space is illuminated by a central ceiling fixture and receives natural light through multiple windows. The home utilizes a radiator heating system with baseboard units installed on the main floor. A pass-through window connects the dining room to the adjacent kitchen, providing a line of sight between the two rooms. The kitchen is outfitted with cabinetry, countertops, and a tile backsplash. The kitchen features a vaulted ceiling and utilizes plank-style flooring and an exterior door provides direct access from the kitchen to the yard. Adjacent to the main living areas is a combined mudroom and breakfast nook space. The home is located in the Port Jervis School District. The Hamlet of Sparrowbush is positioned directly alongside the Delaware River and adjacent to the New York and Pennsylvania state border. The local area contains community restaurants and public parks offering recreational facilities. The location provides proximity to the Hawks Nest Lookout, a section of New York State Route 97 that follows the cliffs above the Delaware River. The property is also situated near the Upper Delaware Scenic Byway, offering public access points for river-based activities such as fishing and boating. Major commercial amenities remain easily accessible for potential buyers, large-scale shopping centers and grocery store retailers are located less than 25 minutes away across the state border into Pennsylvania.
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Our Executive Mortgage Banker:
$199,999
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 | $159,999 | $159,999 | $159,999 |
| 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% | 6.512% | 5.866% |
| Monthly Tax Payment | $339 | $339 | $339 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $958 | $998 | $1,318 |
| Total Monthly Payment | $1,372 | $1,412 | $1,732 |
* 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.