TWO HOMES AT 779 County Route 12, a sprawling 18+ acre expanse of land with two dwellings! The interior of the main residence, a 1, 500 square foot cape cod style home, features four generously sized bedrooms, two bathrooms, eat-in-kitchen and enclosed front porch. This home offers an abundance of space and comfort, including a bedroom and bathroom on the main floor for added convenience. Just a few feet from the main house step inside your three-car garage and workshop, a haven for automotive enthusiasts. This versatile space provides ample room for storage and creative endeavors, allowing you to indulge in your passions without sacrificing convenience. Above the garage, a hidden gem awaits - a separate 1, 200 square foot ranch home boasting three generously sized bedrooms and two bathrooms, with a potential monthly rent estimate of $2, 500! This additional living space presents a lucrative opportunity for generating income. Whether you choose to welcome long-term tenants or welcome family/friends, the possibilities are endless. Both dwellings share a well and septic, while the aspiration of subdividing the land may not be feasible, this property holds tremendous potential as an income-generating investment. With its captivating charm, abundance of space, and income-generating possibilities, this property is truly a rare find. HURRY call today for your private showing!
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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 | $471,920 | $471,920 | $471,920 |
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 | $561 | $561 | $561 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,140 | $3,137 | $3,980 |
Total Monthly Payment | $3,793 | $3,790 | $4,633 |
* 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.