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421 Fostertown Road, Newburgh, NY, 12550 | $525,000
Welcome to 421 Fostertown Road, a charming c1800 historic farmhouse nestled into a bucolic Town of Newburgh landscape. The property is dotted with old growth flowering trees and sprawls over 1. 61 acres. It features a stone patio, stone walls, antique barn, garden plot, storage shed, and an additional deeded and buildable . 98 acre lot which is at present a wild meadow home to a charm of goldfinches- all await your creative touch. This inviting home features 3 bedrooms, 2 bathrooms, and a flexible layout ideal for both relaxation and entertaining. The kitchen's picturesque windows connect the home to the natural beauty of the expansive property. It has been recently updated to include butcher block countertops, Viking dishwasher, new faucet plus water faucet filter, new hood vent, and ample cabinetry. The walk-in pantry provides additional storage as well as new Samsung washer and dryer. The kitchen flows seamlessly into the dining, living room, and den areas, and are connected by wide arched entries with period details such corner cabinet, built-ins, and old beamed ceiling throughout. The primary suite offers a private retreat with a generous closet, while the remaining two bedrooms provide ample space and character. While the home may not be newly renovated and needs some TLC, rooms brim with character and charm, adding to the home's unique appeal. This Hudson Valley residence presents a fantastic opportunity for you to envision and craft your dream country homestead, taking advantage of the raw space and its immense potential, including an additional buildable lot. Live the country life within close range of city amenities; the property is in close proximity of schools, parks, and minutes ways from a burgeoning dining and creative scene just off the Hudson River in Newburgh. This Newburgh residence is a rare find, offering a perfect blend of historical elegance and modern potential. Come and experience the timeless beauty and warmth of this exceptional property.
Features
- Rooms: 9
- Bedrooms: 3
- Baths: 2 full
- Style: Farmhouse
- Year Built: 1800
- Heating: Oil, Forced Air
- Cooling: None
- Basement: Unfinished
- Approx Sq. Feet: 1,583
- Acreage: 1.6
- Est. Taxes: $5,734
- Elem. School: Magnet Sch of Math Science & Design
- High School: Newburgh Free Academy
- School District: Newburgh
- MLS#: H6325418
- Days on Market: 34 days
- Website: https://www.raveis.com
/prop/H6325418/421fostertownroad_newburgh_ny?source=qrflyer
William Raveis Family of Services
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888.699.8876
Contact@raveis.com
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Sarah AlvarezVP, Mortgage Banker, William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 1880936
347.223.0992
Sarah.Alvarez@Raveis.com
Our Executive Mortgage Banker:
- Is available to meet with you in our office, your home or office, evenings or weekends
- Offers you pre-approval in minutes!
- Provides a guaranteed closing date that meets your needs
- Has access to hundreds of loan programs, all at competitive rates
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Robert ReadeRegional SVP Insurance Sales, William Raveis Insurance
860.690.5052
Robert.Reade@raveis.com
Our Insurance Division:
- Will Provide a home insurance quote within 24 hours
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Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
421 Fostertown Road, Newburgh, NY, 12550
$525,000
Customer Service
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Sarah Alvarez
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 | $420,000 | $420,000 | $420,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 7.000% | 6.875% | 5.990% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 7.551% | 7.042% | 6.160% |
| Monthly Tax Payment | $478 | $478 | $478 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $2,794 | $2,759 | $3,542 |
| Total Monthly Payment | $3,364 | $3,329 | $4,112 |
* 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.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
NY Licensed Mortgage Banker-NYS Banking Department LMBC 106535