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Nestled on a quiet street in the charming Lake Peekskill community and located within the highly regarded Putnam Valley School District, this beautifully maintained legal two-family home offers the perfect blend of flexibility, comfort, and peaceful Hudson Valley living. A welcoming composite deck sets the tone for the home, providing the perfect spot to start your day with a cup of coffee surrounded by nature or unwind in the evening while enjoying the tranquil setting. Inside, the spacious formal dining room is highlighted by a stunning wood accented ceiling that creates warmth and character, making it an ideal space for both intimate dinners and larger gatherings. The dining room flows effortlessly into the eat-in kitchen, featuring refreshed cabinetry, tile flooring, stainless steel appliances, breakfast bar seating, and a bright breakfast nook. Large windows throughout the home invite natural light inside while framing beautiful views of the gardens and the lake beyond. The living room offers a comfortable place to relax and is one of the home's true highlights. A charming bay window creates the perfect reading nook while showcasing beautiful views of the lake, bringing the outdoors in throughout the seasons. Additional windows capture views of the thoughtfully landscaped gardens, creating a peaceful backdrop from nearly every angle. The main level continues with a spacious primary suite featuring a beautifully renovated ensuite bath, additional bedrooms, and another full bathroom. The lower level provides exceptional versatility with its own private entrance, living room, kitchen, bedroom, renovated full bath, and direct access to the expansive new deck overlooking the backyard and junior lake views. Whether used as a legal rental apartment for supplemental income, a private space for extended family, multi-generational living, guest accommodations, or a home office retreat, this level offers endless possibilities. One of the property's most captivating features is its outdoor setting. Thoughtfully designed gardens, mature landscaping, and peaceful outdoor living spaces create a private sanctuary where every season can be enjoyed. From colorful blooms and visiting wildlife to sparkling lake views, the grounds have been lovingly maintained and provide a sense of serenity rarely found. Recent improvements include a brand-new deck, removal of the underground oil tank, new septic tank, energy-efficient ductless air conditioning units on both levels, and the addition of a heat pump integrated into the home's HVAC system, significantly reducing oil consumption and improving year-round efficiency. Residents of Lake Peekskill enjoy access to community amenities, including the community center for private events and gatherings, a playground, sandy beaches, and lake privileges that offer swimming, fishing, and non-motorized boating. For outdoor enthusiasts, the location is second to none. Just minutes from Clarence Fahnestock State Park and nearby access to the Appalachian Trail, residents can enjoy miles of hiking and biking trails, kayaking opportunities, and year-round recreation surrounded by the breathtaking natural beauty of the Hudson Valley. Enjoy the serenity of this lake community setting while benefiting from excellent commuter convenience, with easy access to Metro-North, the Taconic State Parkway, Route 6, shopping, dining, and everyday amenities, making travel throughout the region and into New York City effortless. This unique property offers the perfect combination of flexibility, income potential, lake views, beautiful gardens, and a peaceful lifestyle in one of Putnam Valley's lake communities.
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Our Executive Mortgage Banker:
$689,000
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 | $551,200 | $551,200 | $551,200 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.125% | 6.490% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.424% | 6.640% | 5.972% |
| Monthly Tax Payment | $1,098 | $1,098 | $1,098 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $3,349 | $3,480 | $4,577 |
| Total Monthly Payment | $4,539 | $4,670 | $5,767 |
* 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.