Escape to your own picturesque countryside haven with this enchanting horse farm retreat nestled in the heart of New Paltz. Set amidst 13. 8 acres this charming residence offers a perfect blend of rustic allure and modern comfort. Upon arrival, you'll be greeted by the tranquility of the surroundings and the timeless elegance of the farmhouse architecture. Step inside to discover a home filled with character and warmth, featuring 4 bedrooms and 2 baths, including a luxurious master suite for your ultimate relaxation. A delightful outdoor patio complete with a stone fireplace for serene evenings under the stars, and a charming old chicken coop awaiting restoration But the allure doesn't stop there. The property also includes rental units that effortlessly cover the annual taxes, providing both financial stability and flexibility. Outside, the possibilities are endless within the expansive outdoor oasis. Two working barns await, offering ample space for equestrian pursuits with 6 premium horse stalls and room for expansion. A second barn, currently utilized for storage, presents the opportunity to create a cozy 1-bedroom apartment, perfect for guests or additional rental income, as well as mobile home lot lease income. Embrace the outdoor lifestyle with easy access to nearby Mohonk Preserve and Minnewaska State Park, where endless adventures await amidst breathtaking natural beauty. Or indulge in the local delights, from apple picking at nearby orchards to exploring the vibrant village filled with quaint boutiques, cafes, and restaurants. Conveniently located near colleges, cultural attractions, and major highways, this idyllic retreat offers the perfect blend of seclusion and accessibility, ensuring that both relaxation and adventure are always within reach. Don't let this rare opportunity slip away. Make your dream of owning a captivating country retreat in New Paltz a reality today!
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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 Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $788,000 | $788,000 | $788,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.500% | 6.250% | 5.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.821% | 6.396% | 5.990% |
Monthly Tax Payment | $918 | $918 | $918 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,474 | $4,852 | $6,544 |
Total Monthly Payment | $5,484 | $5,862 | $7,554 |
* 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.