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Balmville Area, Town of Newburgh: Spacious Home with Income Well-maintained and full of character, this spacious two-unit home offers room for guests, or extra income. Set on 1. 1 acres, the property features approximately 4, 000' square feet of space across three levels, including a walkout lower-level recreation area and a three-car garage and plenty of extra paved area for 4-5 cars. Property Highlights • 7 bedrooms and 5 bathrooms total • Two separate units with own private door access • Central air conditioning • Two indoor brick wood-burning fireplaces and one outdoor masonry fireplace • Granite countertops and an updated kitchen • Large paved parking area • Spacious yard and covered front porch The main residence includes 4 bedrooms and 3 bathrooms. The bedroom level features a spacious primary suite with generous closet space and a large bathroom with a tub and separate shower, along with three additional bedrooms and a main bathroom. The first floor offers inviting common areas, including a family room with a nostalgic brick wood-burning fireplace, a combined dining and living room with a second brick wood-burning fireplace, hardwood flooring throughout, a half bathroom, and an updated kitchen with an island and abundant natural light. A rear door opens to a spacious deck overlooking the private backyard, pool, patio, and outdoor fireplace. The fenced backyard is designed for entertaining and relaxation, featuring an inground pool, spacious composite deck, paver patio, and a freestanding masonry outdoor fireplace. It is an excellent setup for gatherings, outdoor dining, and year-round enjoyment. The separate apartment includes 3 bedrooms and 2 bathrooms, hardwood flooring, its own washer and dryer hookup, a private back porch, and separate utilities. Both units can deliver vacant if needed or with one current tenant in unit #2. Conveniently located near major roads and shopping areas, the property offers easy commuter access. Enjoy nearby Hudson River and Mount Beacon views throughout the year, along with close proximity to Mount Saint Mary College, the Newburgh Hudson River waterfront, and the Beacon Metro-North train station. The home is also approximately 17 miles from West Point, 17 miles from Vassar College, 15 miles from Marist College, and 17 miles from the Culinary Institute of America.
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Our Executive Mortgage Banker:
$789,000
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 | $631,200 | $631,200 | $631,200 |
| 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 | $1,154 | $1,154 | $1,154 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $3,835 | $3,985 | $5,242 |
| Total Monthly Payment | $5,081 | $5,231 | $6,488 |
* 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.