If you have been looking for a Catskills fixer upper, here is an opportunity for you to transform this cottage sited on a quiet town maintained dead end road. This 1. 0-acre property is across the street from NYC owned land and bordered in the back by Bradkin Road. The property is being offered for sale 'as is', cash only since it would quite likely not qualify for a mortgage. The seller has no knowledge of the condition of the appliances, mechanicals and lighting fixtures as the home has not been lived in for over 10 years. Bring your ideas and plans for your upstate NY retreat and create your home away from the hustle and bustle and enjoy the region from this convenient central Catskills location. The one bedroom, one bathroom cottage also has an 8ft x 8ft sleeping loft accessed by a ladder in the living room. In the loft is a door leading to the attic storage space above the bedroom/kitchen/bathroom area.
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NMLS Mortgage Loan Originator ID 81725
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $78,400 | $78,400 | $78,400 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.125% | 6.125% | 4.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.483% | 6.273% | 5.268% |
Monthly Tax Payment | $129 | $129 | $129 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $476 | $476 | $620 |
Total Monthly Payment | $680 | $680 | $824 |
* 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.