Step into timeless charm and modern luxury with this meticulously restored 5-bedroom colonial home, located near the vibrant Historic Newburgh Waterfront. This property beautifully blends historic character with modern conveniences, making it the perfect choice for families seeking comfort, space, and a welcoming neighborhood and offering a unique opportunity as a thriving and highly rated Airbnb. Situated on a picturesque tree-lined street, this residence is surrounded by mature specimen trees and other beautifully maintained homes, creating an idyllic setting. Inside, original details shine, from the hardwood floors with intricate inlay borders to the elegant newel posts gracing the staircase. The spacious living room features a cozy fireplace, while pocket doors lead to the formal dining room, which includes a charming butler’s pantry and is bathed in natural light from an abundance of windows. The renovated kitchen is both stylish and functional, featuring stainless steel appliances and plenty of space for cooking and entertaining. Outside, the charm continues with a large fenced yard, perfect for gatherings, featuring a stunning stone patio and firepit. A generous covered front porch overlooks the beautifully landscaped yard, providing a serene space to unwind or welcome guests. A detached 2-car garage and extended driveway offer ample parking. Modern updates include new solar panels for energy efficiency, a ductless split system for heating and cooling, and recent replacements of the sewer line and furnace. Whether as a beloved family home or a profitable investment property, this gem perfectly balances historic character and modern ease. All just steps away from Newburgh’s bustling promenade of shops, restaurants, and entertainment.
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Our Executive Mortgage Banker:
Our Insurance Division:
$590,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 347.223.0992
Sarah.DeFlorio@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 | $472,000 | $472,000 | $472,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.875% | 6.875% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.352% | 7.042% | 6.160% |
Monthly Tax Payment | $1,334 | $1,334 | $1,334 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,101 | $3,101 | $3,951 |
Total Monthly Payment | $4,527 | $4,527 | $5,377 |
* 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.