50-60 Washington Street, Newburgh (Newburgh City), NY, 12550 | $950,000

COMMANDING position in Newburgh on a promontory overlooking the Hudson River with unparalleled views up and down the River all the way to Bannerman's Island! Directly adjacent to historic Washington's Headquarters sits this handsome single level solid, well-built custom home. There is a separate two story building behind with a 2 car garage and a 1 bed apt above on the second floor- all this sitting on almost 3/4 acre for privacy! Property class is listed as 'multiple residences', not multifamily. The house is a dream property for single level easy open plan living with a great flow and layout. There is a massive full height attic space (look at that roof pitch!) that has the potential to be developed further for another level. Similarly, the second building with the garages and apt above has a huge attic space that also has potential for further development. This impeccably maintained property has been updated with Central Air and an energy efficient Navien Combi-Boiler for hot water/heat in the main house which has cast iron baseboards. The property faces due east so you awaken to beautiful sun rises across the river and in the evening you can watch magical moon rises. And in Fall, you are treated to the most spectacular sunset views of the foliage on the mountains across the river turning brilliant orange as the seasons change. . This is truly a unique property with unsurpassed views and further potential! It also appears to be the only privately owned property in the Waterfront Gateway Zoning which allows multi story development.

Features

  • Town: Newburgh
  • Bedrooms: 3
  • Baths: 3 full
  • Units: 2
  • Style: Contemporary
  • Year Built: 1988
  • Garage: 4-car Detached
  • Heating: Natural Gas, Baseboard, Hot Water, See Remarks
  • Cooling: Central Air
  • Basement: None
  • Approx Sq. Feet: 2,616
  • Acreage: 0.72
  • Est. Taxes: $24,359
  • Lot Desc: Level, Sloped, Stone/Brick Wall, Near Public Transit, Private
  • View: Panoramic, Water
  • Water Front: Yes
  • Elem. School: Magnet Sch of Math Science & Design
  • High School: Newburgh Free Academy
  • School District: Newburgh
  • MLS#: H6321558
  • Days on Market: 83 days
  • Website: https://www.raveis.com
    /prop/H6321558/5060washingtonstreet_newburgh_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 Voro LLC   Phone: 877-943-8676

William Raveis Family of Services

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.

Customer Service

888.699.8876

Contact@raveis.com

Our family of companies offer our clients a new level of full-service real estate. We shall:

  • Market your home to realize a quick sale at the best possible price
  • Place up to 20+ photos of your home on our website, raveis.com, which receives over 1 billion hits per year
  • Provide frequent communication and tracking reports showing the Internet views your home received on raveis.com
  • Showcase your home on raveis.com with a larger and more prominent format
  • Give you the full resources and strength of William Raveis Real Estate, Mortgage & Insurance and our cutting-edge technology

To learn more about our credentials, visit raveis.com today.

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

50-60 Washington Street, Newburgh (Newburgh City), NY, 12550

$950,000

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 $760,000 $760,000 $760,000
Term 360 months 360 months 180 months
Initial Interest Rate** 5.375% 6.250% 5.750%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.850% 6.360% 5.930%
Monthly Tax Payment $2,030 $2,030 $2,030
H/O Insurance Payment $92 $92 $92
Initial Principal & Interest Pmt $4,256 $4,679 $6,311
Total Monthly Payment $6,378 $6,801 $8,433

* 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.