An amazing opportunity awaits to restore this historic Irvington Estate set on almost 2 acres. Built in 1902 this stone colonial, with Hudson River views, was originally known as "Cedar Lawn, " the summer home of the Stearns family (originally Stern), co-founders of the Stern's department store, and Bear Stearns. Currently boasting 8 BRs, 6 full BAs and 3 half BAs, across 3 finished floors, plus a lower walkout level, this property offers a variety of options from one-family living to extended family living to a conversion to several luxury units. The main floor showcases a large kitchen, dining room w/wood-burning FPL, living room with a second wood-burning FPL. A separate, first-floor wing can easily serve as a suite or entirely separate living space. Three ensuite bedrooms on the 2nd floor, including the primary w/wood-burning FPL. Sitting room with wood-burning FPL. Finished attic offers living space and storage. Yards from Irvington Woods, walkable to schools, town and train.
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,700,000
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 Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $1,360,000 | $1,360,000 | $1,360,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.375% | 6.125% | 5.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.550% | 6.220% | 5.781% |
Monthly Tax Payment | $7,155 | $7,155 | $7,155 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $7,616 | $8,264 | $11,203 |
Total Monthly Payment | $14,896 | $15,544 | $18,483 |
* 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.