Discover the charm and potential of country living combined with a lucrative rental opportunity in the heart of the Catskills, in the quiet town of Jewett NY. This multifamily contemporary cedar chalet is a unique find, offering a peaceful lifestyle with easy access to the bustling activities of Hunter and Windham Resorts. Situated on 5 private acres, this home boasts a spacious 2, 880 sq ft layout designed to cater to both homeowners seeking a legal 2-family home and investors looking for a smart addition to their portfolio. The upper-level features over 1, 800 sq ft of open concept living space, including three bedrooms and two baths. Large sliding glass doors not only invite an abundance of natural light but also open up to a private back deck, creating the perfect setting for relaxation or entertaining amidst nature. The open design of the kitchen and living area ensures a seamless flow throughout the space. On the lower level, a separate entrance leads to a well-appointed apartment with two bedrooms, a full bath, and an inviting open living area. Sliding glass doors reveal a covered deck that extends the living space into the outdoors. The surrounding flat yard offers a blank canvas for outdoor activities and potential enhancements to suit any lifestyle. Additional features include a two-car garage with a workshop and basement access for extra storage. Currently vacant and ready for a personal touch, this property stands as an excellent investment or a primary residence with an income-generating apartment. Embrace the opportunity to make this versatile property your own, promising privacy, convenience, and income possibilities. Call for private tour!
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William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
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 | $471,200 | $471,200 | $471,200 |
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 | N/A | N/A | N/A |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,135 | $3,132 | $4,040 |
Total Monthly Payment | $3,227 | $3,224 | $4,132 |
* 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.