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This Lakefront property is BACK ON THE MARKET & PRICE HAS REDUCED by 23k! This 1378 sqft Multifamily 2-unit property is the only Multifamily property at Hathorn Lake. Can be utilized as a residential Income generating property, short term rental or an Air BnB. There are two oil tanks for separate heating for each unit. See agent remarks. The first-floor unit has 3 bedrooms and 1 bathroom; Basement unit has 1 bedroom w/ 1 bathroom and a kitchenette. This property is solidly built of cinder blocks with a stucco finish and sits on a little under a half-acre of land. The land is leveled and slightly sloped leading you directly to the lake front. Plenty of outdoor yard space for entertaining and enjoyment, a hanging tomato garden and your very own chestnut trees. New windows installed in 2017 that offers a lifetime warranty. Roof updates in 2017 & 2024. Walking distance to Huckleberry Ridge State Forest known for its great hiking trails, NJ transit Port Jervis train station is minutes away for NYC commuters. This property is being SOLD AS IS. Additional Information: Heating Fuel: Oil Above Ground, ParkingFeatures: 1 Car Attached, space to park an additional car outside.
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Our Executive Mortgage Banker:
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$415,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 347.223.0992
Sarah.DeFlorio@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 | $332,000 | $332,000 | $332,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.625% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.159% | 7.166% | 6.268% |
Monthly Tax Payment | $338 | $338 | $338 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,126 | $2,207 | $2,800 |
Total Monthly Payment | $2,539 | $2,620 | $3,213 |
* 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.