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A unique opportunity presents itself at 137 Plains Road in New Paltz, where grassy lawns, mature trees, and a serene, open atmosphere constitute 6. 4 park-like acres set high above the Wallkill River with distant Shawangunk Mountain views. Passing from tranquil Plains Road down the long driveway, framed by leafy green branches of tall maples and hickories, you are transported to another time as the old farmhouse once called ''Bohemia'' comes into view. The white wood siding and green board and batten shutters typical of these century old homes remain, though the condition of the home has suffered from years of disuse. Peeking through lace-curtained windows, a simple 3 room floor plan is evident downstairs - a cozy living room with brick fireplace and fishing poles still hanging on the wall, a dining room with beadboard walls, and a kitchen with old enamel appliances and a barn light overhead. A turning staircase leads up to 3 bedrooms and a bathroom, with an attic above. Whether restored, salvaged in parts, or completely rebuilt, a substantial effort will be required to make a home here; but the setting certainly provides the spark for envisioning possibilities. The property is peaceful -- small outcrops of Shawangunk conglomerate dot the grass here and there, a tulip tree fans out its signature leaf shape providing shade, little woodland pathways beg to be followed, and patches of moss carpet the ground. Following the single-track trail down to the river, one finds a shale ledge on the river bank, a natural place to fish, launch a kayak, or just sit and watch the Wallkill lazily flow by. New Paltz is an ideal locale for enjoying and exploring the history, culture and landscape of the beautiful Hudson Valley. This home and property are sold as-is. Call for more information or to book a showing.
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Our Executive Mortgage Banker:
$649,000
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 | $519,200 | $519,200 | $519,200 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.990% | 6.490% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.370% | 6.615% | 5.952% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $3,110 | $3,278 | $4,311 |
| Total Monthly Payment | $3,202 | $3,370 | $4,403 |
* 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.