Here's your chance to snatch up the ultimate Catskills experience with this stylish double AA-frame. Practically located in the parking lot of the renowned Hunter Mountain Ski Resort, this property embodies retro cool and rich alpine history. This unique AA-frame unit offers an inviting atmosphere and an unforgettable stay, making it the perfect base for exploring The Catskill's countless attractions. This mountainside pieds-a-terre currently has five bedrooms and four bathrooms spread across two separate units, catering to both large groups and creating opportunities for savvy investors. Utilize the flexibility of the independent units or combine them for a massive upstate escape. Both units host a warm and inviting atmosphere with serious lodge vibes, balconies overlooking the living rooms highlight the soaring ceilings and offer tons of natural light through the floor-to-ceiling windows. Anyone will appreciate the authentic wood-burning stoves in the living rooms, ideal for gathering around with friends after a day of exploring the great outdoors. With tentative approval for an additional 2 bedrooms downstairs, expansion potential adds even more value to this alpine escape. Unleash your creativity and transform the expansive full basement into your dream entertainment hub by adding a game room, private speakeasy pub, or a home theater. The house is tucked back from the road offering seclusion to create your own personal retreat in the hills. Unwind and relax in the spacious backyard, host memorable private evenings around the fire pit, take a long walk through the Colonel's Chair, or walk right over to the mountain and go for a Skyride to catch some of the most awe-inspiring panoramic views in the Catskills. The Catskills are a year-round tourism destination offering an array of activities such as hiking, camping, fishing, swimming, and festivals. Venture out to explore the stunning trails, unwind by pristine creeks, or immerse yourself in the vibrant local culture. After a day of adventure, relax with a visit to one of the nearby breweries, sampling craft beers while soaking in the picturesque views. Generating rental income here is a no-brainer, live in one unit and rent the other, or rent both for maximum returns.
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William Raveis Real Estate
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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 | $600,000 | $600,000 | $600,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.250% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.655% | 7.146% | 6.276% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,093 | $3,988 | $5,060 |
Total Monthly Payment | $4,185 | $4,080 | $5,152 |
* 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.