**MOTIVATED SELLER** Unique opportunity to acquire a MIXED-USE property with endless possibilities in the heart of historic Gaylordsville. Built in 1911, formerly the Wemanesa Grange Hall, this expansive 4, 500 SF building includes a huge fenced-in yard & EV hook-up. Currently the upper floor is an antique showroom w/ large windows & 10 ft. ceilings, while the ground floor functions as a shop w/ huge storage room, separate office and half bath. The basement features a charming 550 SF one-bedroom owner/caretaker apartment with a full bathroom, new floors, custom built-ins + sliding doors leading to a 30' x 10' Trex deck overlooking the backyard w/ access to the HOUSATONIC RIVER and valley views. The apartment can be accessed from within the building or through a separate entrance, presenting another prime rental opportunity. The building could continue as a retail establishment & workshop or be repurposed as a live/work artist studio/gallery, small in-home business, offices, or single-family home. There are six parking spaces in front w/ a driveway to the backyard reinforced for additional parking. Minutes to KENT, SHERMAN, NEW MILFORD, or PAWLING, NY, this location presents quick access to the amenities of these towns. 1. 5-hour drive to MIDTOWN NYC and 10 minutes to the MetroNorth WINGDALE station. BRING YOUR VISION don't miss this rare chance to own a piece of history with LIMITLESS POTENTIAL Recent improvements include (2022) FENCED IN BACKYARD, REMODELED BATHROOM IN LOWER APARTMENT, UPGRADE OF ELECTRIC TO MAIN FLOOR, NEW HARDWOOD FLOORS IN APARTMENT BEDROOM, NEW KITCHEN APPLIANCES, (2024) NEW FRONT DOORS
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William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 845.290.3871
Matthew.DeMaria@raveis.com
NMLS Mortgage Loan Originator ID 147983
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $351,200 | $351,200 | $351,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.477% | 7.159% | 6.498% |
Monthly Tax Payment | $462 | $462 | $462 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,337 | $2,334 | $3,011 |
Total Monthly Payment | $2,874 | $2,871 | $3,548 |
* 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.