WHAT A GETAWAY !! Situated in the hills above the Delaware Water Gap, this 37+ acre parcel offers a farmhouse dating back to 1820 (still lived in recently) . . . . . acres and acres of fields, protected meandering streams - The general make-up is about 10 acres of farmhouse/lawns and fields, 10 acres of protected bogs and streams home to wildlife such as beavers and frogs, etc. , and an estimated 15 + acres of forest, gently sloping uphill at the back of your property. Hagen Road is a self-contained, yet public, drive off of Route 42, set far away from the traffic noise of the main road. Tuck in (off of Hagen Road) at your driveway to find an open old barn serving good parking for three or four cars in carport fashion. Get out of your car, turn around, and be at one with nature ! Meanwhile, if you park along Hagen Road at the home's mailbox, enter the farmhouse's front door. Don't let the needed renovations scare you - the house is solid, and kept quite original. Your imagination might have you accentuate the old, or you might bring your modern vision to certain aspects such as kitchen and baths. Original wood floors throughout, which can be saved and re-finished. Upstairs, the configuration could easily accommodate private baths for each of four upstairs bedrooms (currently 6 bedrooms and one common bath), and leave an office area at the back of the house with the opportunity to install a bank of windows overlooking your homestead and observing the wildlife while working from home (currently the common bath). Possibilities are endless. This authentic home should become your own vision. On purpose, design choices have been left to the new owner. A NJ transit train leaves from Penn Station, and arrives at Port Jervis in 2 hours, 13 minutes. A ride share to the house, and you have officially ARRIVED !! Car from NYC to the house will take just about two hours minding traffic.
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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 | $400,000 | $400,000 | $400,000 |
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 | $538 | $538 | $538 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $2,661 | $2,659 | $3,373 |
Total Monthly Payment | $3,291 | $3,289 | $4,003 |
* 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.