FULLY AVAILABLE: Highly successful short term rental walking distance to the main strip in Ellicottville, NY. This well laid out 3 Bedroom unit can sleep up to 8 and boasts breathtaking mountain views can serve as a perfect residence for yourself, while paying for itself as a thriving BnB with no restrictions. Offered fully furnished for a true turnkey experience. Situated on a 4, 500 sq ft lot. Parking is a breeze in the recently graveled driveway, easily fits up to 4 cars stacked directly in front of the unit. The poured concrete walkway will lead you to your front porch. A rear deck and storage shed completes the exterior of the home. As you enter your living room you'll notice stylish furniture and decor, a gas fireplace set in dark painted brick and high end laminate flooring with a rich wood tones, providing a warm and inviting atmosphere throughout. The breakfast bar with bar stools creates a welcoming space just outside the kitchen perfect for casual dining or entertaining guests. Your fully stocked kitchen features stunning natural wood cabinets offering an abundance of storage, a stainless-steel dishwasher, double sink, electric oven, microwave and butcher block wood countertops. The dining area transitions seamlessly through the sliding glass door to the oversized back deck and brings in ample natural light. The second floor features a recently remodeled full bath with thoughtful upgrades such as a key hole window allowing an infusion of natural light into the space and guests will love the bonus half bath. Three well proportioned bedrooms complete the upstairs, taking advantage of the intelligently designed layout for maximum revenue potential. Brand-new Central A/C (June '23), operated on the Nest system, for warm summer days and a gas fireplace for the winter months. Brand new furnace for forced air heating was also installed in June of 2023. Plenty to do in close proximity - the townhome is one of the few in the neighborhood situated across from the park which offers tennis courts, soccer field, basketball courts, dog run, new skate park and playground. Best of all, this townhome imposes no HOA fees or rental restrictions. Here is your opportunity to own an affordable year round townhome in the vibrant four-season town of Ellicottville and capitalize on its potential as a high-income-generating short-term rental with minimal overhead. Schedule your tour today!
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Our family of companies offer our clients a new level of full-service real estate. We shall:
To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
Our Insurance Division:
$349,999
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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $279,999 | $279,999 | $279,999 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.551% | 7.159% | 6.276% |
Monthly Tax Payment | $243 | $243 | $243 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,863 | $1,861 | $2,361 |
Total Monthly Payment | $2,181 | $2,179 | $2,679 |
* 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.