866 Mountain Ave., Cairo (Round Top), NY, 12473 | $2,999,999
Set at the base of Blackhead Mountain on almost 120 Acres, This Catskill Mountain Manor and Resort with old world European charm is a property full of history! It all began back in 1854 as a farm and then a hotel with records of first guests going back to 1865! It was discovered and said that the spring on the property had therapeutic healing properties and medicinal benefits A potential Spa & Wellness retreat with a story! The historic Bavarian Manor estate spans across almost 120 Acres of Commercial & Multi Use land and is one of the oldest remaining hotels in The Catskills! A landmark hotel, The Victorian Inn currently features 18 rooms plus an additional third floor and owners' residence where another 10+ rooms could be designed for additional keys. A quintessential German Restaurant & Bar with Biergarten at the manor with plenty of indoor and outdoor seating perfect for every event. Miles of country trails cut throughout the property make for a whimsical adventure. The recreation possibilities are endless. There also sits a fantastic lake right outside the hotel and apartments. The property also consists of a 16-unit apartment complex that is currently rented but is truly ideal for additional hotel keys or even staff housing on the property. A true Hidden Gem! A feel of old-world charm that will leave you in awe with endless land and possibilities.
Features
- Town: Cairo
- Levels: 0
- Heating: Other
- Lot Size: 116 ACRES.
- Year Built: 1940
- Approx Sq. Feet: 35,000
- Acreage: 116
- MLS#: 153632
- Days on Market: 61 days
- Website: https://www.raveis.com
/prop/153632/866mountainave_cairo_ny?source=qrflyer
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888.699.8876
Contact@raveis.com
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Sarah AlvarezVP, Mortgage Banker, William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 1880936
347.223.0992
Sarah.Alvarez@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
866 Mountain Ave., Cairo (Round Top), NY, 12473
$2,999,999
Customer Service
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Sarah Alvarez
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 347.223.0992
Sarah.Alvarez@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 | $2,399,999 | $2,399,999 | $2,399,999 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.000% | 5.875% | 5.625% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.963% | 5.983% | 5.805% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $12,884 | $14,197 | $19,770 |
| Total Monthly Payment | $13,009 | $14,322 | $19,895 |
* 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.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
NY Licensed Mortgage Banker-NYS Banking Department LMBC 106535