Rare opportunity to own two distinct homes on a single lot, both overlooking the Esopus Creek. Whether you're seeking an investment property, a multi-generational living setup, or a private retreat, this dual home offering provides endless potential! The stone home, formally known as the Lanigan House, was built as a fort and originally constructed around 1700. This historic beauty sits on the banks of the Esopus Creek and retains much of its original character. The home has been nicely updated with all new major operating systems (roof, 200 amp service, hot water heater, and boiler installed in 2023/2024) and offers a unique opportunity for buyers seeking a home with charm, hand-hewn beamed ceilings, and a desire to restore it to its original splendor. The stone exterior provides timeless appeal and exceptional durability, making it a standout property. With no furnishings inside, this home is a blank canvas waiting for someone to bring it to life. The interior features a new kitchen, a living room, and a family room, both with fireplaces for added warmth and ambiance. The second floor offers four spacious bedrooms with a full bath and ample closet space. Whether you're looking to renovate or simply add your personal touch, the open layout presents endless possibilities. Overall updates include a new roof, hot water heater, boiler, new cabinets, countertops, some flooring, 200-amp electrical service, and repointing of both chimneys. The second residence, the White Cape, was completely gutted with a full second-floor expansion, framed, rewired, insulated, and renovated in 2016, offering comfort and practicality from day one. Boasting three bedrooms and two and a half baths, the layout is perfect for those seeking extra space. The main floor provides a cozy living room, a half bath, a dining area, and a well-equipped kitchen with a large pantry great for anyone who loves to cook, featuring new cabinets, stone counters, and generous counter space. A washer/dryer off the kitchen adds first-floor convenience. Upstairs, you'll find three bright and spacious bedrooms and a beautifully renovated full bath with tile and stone accents. The primary bedroom boasts a wall of closets and great storage, along with another custom full bath. This room overlooks the creek and waterfall open the windows and fall asleep to the soothing sounds of the creek cascading over the dam. One of the highlights of this home is the lovely fenced-in yard, featuring a tremendous garden with raised beds, meandering walkways, and a firepit. Steps lead up to a deck, ideal for outdoor dining, entertaining guests, or enjoying privacy. A newer outdoor shed provides ample space to store your toys and outdoor equipment. There's plenty of parking for each home, and spaces could be more formally divided if desired. Whether you're looking for a home office, guest house, or rental potential (long or short-term), this property offers versatility to suit your lifestyle. Located just minutes from the Village of Saugerties, with restaurants, shops, cafes, HITS, and easy access to local parks, hiking, and the Hudson River, this property is a must-see! The stone home will remain vacant and is very easy to show. A confirmed appointment is required for showings.
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William Raveis Mortgage, LLC
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Sarah.Alvarez@Raveis.com
NMLS Mortgage Loan Originator ID 1880936
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $543,920 | $543,920 | $543,920 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.375% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.708% | 7.133% | 6.256% |
Monthly Tax Payment | $608 | $608 | $608 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,757 | $3,615 | $4,587 |
Total Monthly Payment | $4,457 | $4,315 | $5,287 |
* 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.