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Presented by
The Gulino Team |
Legal Two-Family | Income-Producing Opportunity | Sweeping Year-Round Views of Junior Lake Rare opportunity to own a beautifully maintained legal multi-unit home in the sought-after Lake Peekskill community of Putnam Valley. Whether you're an investor looking to generate rental income, an owner-occupant hoping to offset your mortgage, or a buyer seeking flexible multi-generational living, this versatile property offers the perfect blend of income potential, comfort, and natural beauty. The main residence welcomes you with a bright, thoughtfully designed floor plan featuring a formal dining room accented by a custom wood ceiling, an updated eat-in kitchen with refreshed cabinetry, stainless steel appliances, breakfast bar seating, tile flooring, and a sunny breakfast nook. The spacious living room is anchored by a picturesque bay window framing sweeping year-round views of Junior Lake, while the primary suite offers a renovated ensuite bath, complemented by additional bedrooms and a second full bath. Designed as a legal apartment, the walkout lower level features two private entrances, a living room, bedroom, renovated full bath, and direct access to an expansive brand-new deck overlooking the backyard and sweeping year-round views of Junior Lake. The apartment was recently used to accommodate extended family, so the stove and refrigerator were removed, and the interior door separating the apartment from the main residence will need to be reinstalled to restore its original configuration. Existing kitchen cabinetry and plumbing remain in place, allowing the next owner to easily reinstall the appliances and door, returning the apartment to its original use. Outside, the property truly shines. Thoughtfully curated perennial gardens, colorful seasonal blooms, mature landscaping, and peaceful outdoor living spaces create a private retreat that's perfect for entertaining, dining al fresco, or simply relaxing while enjoying the tranquil surroundings. Recent improvements include a new septic tank, removal of the underground oil tank, energy-efficient ductless air conditioning on both levels, and a heat pump built into the home's HVAC system. Residents enjoy Lake Peekskill lake rights with swimming, fishing, kayaking, and non-motorized boating, along with easy access to Metro-North, the Taconic State Parkway, Route 6, shopping, dining, and the many outdoor recreational opportunities the Hudson Valley has to offer. Offering income potential, flexible living arrangements, exceptional outdoor living, sweeping year-round views of Junior Lake, and beautifully maintained gardens, this legal two-family presents a rare opportunity to enjoy the best of Hudson Valley living while building long-term value.
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Our family of companies offer our clients a new level of full-service real estate. We shall:
To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
Our Insurance Division:
$689,000
Sales Associates
William Raveis Real Estate
Phone: 860.655.7004
Santo.Gulino@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 203.641.8287
Dave.Beckman@raveis.com
NMLS Mortgage Loan Originator ID 10930
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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** | 6.250% | 6.750% | 5.875% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.760% | 6.902% | 6.098% |
| Monthly Tax Payment | $1,098 | $1,098 | $1,098 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $3,394 | $3,575 | $4,614 |
| Total Monthly Payment | $4,584 | $4,765 | $5,804 |
* 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.