Welcome to the million-dollar view of the Rondout reservoir. This spectacular 6-acre property features wide open spaces a beautiful four-bedroom three-bathroom home with two large detached garages that can be used for any number of things but they can also be converted into living spaces. Garage 1 has a great loft space and deck with electricity and plumbing and garage 2 also has a great loft and deck with electricity and propane. There is a beautiful private pond with a nice sitting area plus a gazebo with electric and a ceiling fan. The house also contains two propane stoves to rapidly heat the house on cold mornings. The storage shed also has a beautiful little deck as you will see in the photos. This home is located just outside of the quaint little town of Grahmsville where you have some restaurants a music club and is not far from Shoprite in Ellenville. This home not only makes a great year-round house or summer retreat but would make a great Air-BNB or short-term rental. Especially if you converted the garages into living spaces. The area is teaming with wildlife that you will see all around your property. If you like to fish, there is excellent fishing in the Reservoir. The lower level has its own kitchen, living room, bathroom and entrance. The 4th bedroom on the lower level is not a legal bedroom because the window is too high, and the closet is right outside the door. This property also has a Generac Generator to power the house and both garages. This property can also be purchased with MLS 6317082 on South Hill Rd 8. 5 Acres. Buy this property with the home for a discounted price. Many of these photos have been decluttered and have virtual staging with AI. These rooms will appear differently than in the pictures.
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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 | $719,200 | $719,200 | $719,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.500% | 6.375% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.821% | 6.474% | 6.036% |
Monthly Tax Payment | $482 | $482 | $482 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,084 | $4,487 | $6,021 |
Total Monthly Payment | $4,658 | $5,061 | $6,595 |
* 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.