A rare opportunity knocks in the town of Newburgh! This 3076 square feet brick beauty has been lovingly cared for by its original owner and is now ready for its next chapter. With its unique mother-daughter style layout, this home is perfect for multigenerational living or as a fantastic opportunity to live in one unit while renting out the other for extra income. Discover a flexible floor plan with two separate living spaces, currently being used as a spacious single-family residence, with the added benefits of independent living and privacy. Hardwood floors run throughout the main level and sun filled living room opens to dining room where sliders lead to private deck. Eat in kitchen boasts new stainless steel appliances, including a double oven and gas cooktop. Three bedrooms round out the main floor and primary bedroom opens to hall bath with newer fixtures for an en suite feel. The lower level features the home's second kitchen with granite countertops and backsplash and a dining peninsula. Spacious living room and dining room lead to a favorite space - a beautiful enclosed porch. Find more flexibility with 2 bedrooms, an office and an abundance of pantry and storage space. Enjoy entertaining on your extensive patio complete with gazebo and countdown to summer fun in the 16' X32' inground pool. Yard is fully fenced for privacy and the home sits on a large corner lot on a quiet dead-end street. Additional highlights include central air, an attached garage, and a sought-after neighborhood setting with municipal water. Outstanding commuter location just minutes to train and bus to NYC, highway, shopping, area attractions, restaurants and so much more.
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Our Executive Mortgage Banker:
Our Insurance Division:
$597,000
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 | $477,600 | $477,600 | $477,600 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.750% | 6.625% | 5.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.300% | 6.778% | 6.034% |
Monthly Tax Payment | $1,078 | $1,078 | $1,078 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,098 | $3,058 | $3,966 |
Total Monthly Payment | $4,268 | $4,228 | $5,136 |
* 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.