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.
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Our Executive Mortgage Banker:
Our Insurance Division:
$950,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
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.