In the small town of Tillson, just between New Paltz and Kingston, is a charming homestead dating back to 1900. Modernized over the years to include new architectural styles and new living spaces, it is now a four-family property with great flexibility and income potential. The farmhouse, with its wide and welcoming front porch, mature trees, and picket fencing, is set back from the road. Inside you'll find beautiful woodwork, tall ceilings, fireplaces, and bay windows that invite reading, daydreaming, and conversation. The first floor has an eat-in kitchen, a formal dining room for entertaining, and a large living room where wide-board floors hold the history of more than a century of residents. There's also a large family room, a laundry, and an additional room off the kitchen that might be an office. Touch the acorn newel post and ascend to the second-floor bedrooms and baths where original detail gives every room warmth. A private entrance at the rear provides access to a one-bedroom apartment with a recently updated kitchen and bath. A courtyard with a garden, parking, and plenty of outdoor entertaining space separates the farmhouse from the one-car garage (with a workspace) and from the beautiful carriage house. Built with stone and Rosendale brick the carriage house offers 2 living units and an additional workspace: the first floor is a 1 bedroom apartment with a new kitchen and bath; the second floor is a one-bedroom apartment with unique cathedral ceilings; and the workshop area has electric and has been rented in the past. This property offers the opportunity to live a country lifestyle in a well-kept historic home with the bonus of tremendous income potential. Why not? It's beautiful in every way!
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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 | $535,200 | $535,200 | $535,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.375% | 6.125% | 4.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.512% | 6.273% | 5.248% |
Monthly Tax Payment | $1,176 | $1,176 | $1,176 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,339 | $3,252 | $4,230 |
Total Monthly Payment | $4,607 | $4,520 | $5,498 |
* 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.