50 Spring Valley Road, New Castle (Ossining), NY, 10562 | $1,499,999

Step into the realm of versatile real estate opportunities with this exceptional multi-dwelling property in the coveted Teatown Reservation area of New Castle! Seamlessly intertwining homeowner and investor dreams, this unique compound offers unparalleled opportunity and rich history. The centerpiece is a striking contemporary home spanning nearly 4, 000 square feet, meticulously renovated in 2003. Featuring 3 bedrooms, 5 bathrooms, radiant floor heat throughout, and a host of versatile spaces including a home office and remarkable great room once a renowned recording studio hosting some of the greatest musicians of their time - now transformed into a lavish, soundproofed, private home theater for unparalleled entertainment. Each of the 3-levels offer its own private outdoor terrace, including a wraparound off the primary suite, enhancing the connection to the serene surroundings. The one-car detached garage offers abundant storage space and potential for conversion into a fitness room or recreational area. Complementing the main house are two detached additional dwellings, currently generating income. One, adjacent to the main residence, presents a two-level layout with 1 bedroom, 1 full bath, and a full kitchen. The second, over 120 yards down the road, offers 2 bedrooms, 1 full bath, a full kitchen, and a finished basement, totaling over 2, 200 square feet, with its own private parking. Sitting on nearly 3 acres of tranquil landscape bordering a state park with exclusive walking trails, this distinctive home blends country living with contemporary comforts. Don't miss this incredible opportunity to acquire your dream villa while simultaneously owning income-producing investment properties-a rare gem in the Westchester market!

Features

  • Town: New Castle
  • Rooms: 10
  • Bedrooms: 3
  • Baths: 2 full / 3 half
  • Style: Contemporary
  • Year Built: 1897
  • Heating: Propane, Radiant
  • Cooling: Central Air, Wall/Window Unit(s)
  • Basement: None
  • Approx Sq. Feet: 3,902
  • Est. Taxes: $26,909
  • Lot Desc: Borders State Land, Near Shops
  • Middle School: Anne M Dorner Middle School
  • High School: Ossining High School
  • School District: Ossining
  • Appliances: Electric Water Heater
  • MLS#: 3530134
  • Days on Market: 299 days
  • Website: https://www.raveis.com
    /eprop/3530134/50springvalleyroad_newcastle_ny?source=qrflyer
Listing information has been assembled from various sources of varying degrees of reliability. Any information critical to the buying decision should be independently verified.Listing courtesy of Desimone Real Estate   Phone: 516-534-2200

William Raveis Family of Services

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Customer Service

888.699.8876

Contact@raveis.com

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Sarah DeFlorioVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 1880936

347.223.0992

Sarah.DeFlorio@Raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
  • Offers you pre-approval in minutes!
  • Provides a guaranteed closing date that meets your needs
  • Has access to hundreds of loan programs, all at competitive rates
  • Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction

Robert ReadeRegional SVP Insurance Sales, William Raveis Insurance

860.690.5052

Robert.Reade@raveis.com

Our Insurance Division:

  • Will Provide a home insurance quote within 24 hours
  • Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
  • Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
    Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable

50 Spring Valley Road, New Castle (Ossining), NY, 10562

$1,499,999

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Sarah DeFlorio

VP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 347.223.0992

Sarah.DeFlorio@Raveis.com

NMLS Mortgage Loan Originator ID 1880936

5/6 (30 Yr)
Adjustable Rate Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $1,199,999 $1,199,999 $1,199,999
Term 360 months 360 months 180 months
Initial Interest Rate** 5.625% 6.375% 5.875%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.795% 6.472% 5.966%
Monthly Tax Payment $2,242 $2,242 $2,242
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $6,908 $7,486 $10,045
Total Monthly Payment $9,275 $9,853 $12,412

* 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.