Description
Incredible Investment & Development Opportunity! Step back in time with this charming 1800s Colonial situated on a beautiful 3.1-acre parcel offering endless possibilities. This home features 3 bedrooms, 1.5 bathrooms, and a spacious detached two-car garage with impressive 12-foot ceiling, perfect for storage, a workshop, or hobby space. What truly sets this property apart is its exceptional potential. A proposed subdivision for one or four additional building lots is nearly completed creating a rare opportunity for investors, developers, or anyone looking to maximize future value. With an existing tenant already in place, buyers may benefit from immediate rental income while exploring future development opportunities. Enjoy the best of both worlds, peaceful country living with convenient access to parks, shopping, restaurants, schools, and major commuter routes. The picturesque setting, mature trees, and expansive acreage make this a truly special property. Whether you're looking for an investment property, development opportunity, or a charming historic home with room to grow, this unique offering deserves your attention. Long term tenant would love to stay and continue renting. PLEASE do NOT drive up the driveway without a confirmed appointment with a Licensed Agent. Thank you.
Details
| MLS # | 1010502 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | Active |
| Year | 1847 |
| Days On Site | 121 |
| Listing Provided By | Gillespie Real Estate LLC | Jodi M Gillespie |
Features
| Bed(s) | 3 |
|---|---|
| Bath(s) | 2 Total |
| SQ Feet | 1,336 |
| Garage | 2 |
| Basement | Y |
| Acreage | 3.10 |
Interior
| Cooling | None |
|---|---|
| Heating | Hot Water, Oil, See Remarks |
| Interior Features | Eat-in Kitchen |
| Appliances | Gas Range, Refrigerator |
Exterior
| Construction Materials | Unknown |
|---|---|
| Foundation Details | Stone |
| Lot Features | Cleared, Corners Marked, Front Yard, Near Shops, Rolling Slope, See Remarks, Split Possible |
Parking
| Garage Yes / No | Yes |
|---|---|
| Parking Features | Detached |
Utilities
| Utilities | Cable Available, Electricity Connected, Sewer Connected, Trash Collection Private, Water Connected |
|---|---|
| Sewer | Public Sewer |
Taxes
| Tax Year | 2025 |
|---|---|
| Tax Assessed Value | 38700 |
| Tax Annual Amount | 4509.86 |
Area Information
| State | NY |
|---|---|
| County | Orange County |
| City | Newburgh |
| Zip Code | 12550 |
| School District | Newburgh Free Academy |
| Elementary School | Newburgh |
| High School | Newburgh Free Academy |
| Listing VS Median (in 12550) | |
Price: $424,000 low | high Med: $387,000 sqft: 1,336 low | high Med: 1,591 $ / sqft: $317 low | high Med: $243 On site: 121 low | high Med: 76 | |
Market Activity 12550
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Learn More About This Property
| State | NY |
|---|---|
| County | Orange County |
| City | Newburgh |
| Zip Code | 12550 |
| School District | Newburgh Free Academy |
| Elementary School | Newburgh |
| High School | Newburgh Free Academy |
| Listing VS Median (in 12550) | |
Price: $424,000 low | high Med: $387,000 sqft: 1,336 low | high Med: 1,591 $ / sqft: $317 low | high Med: $243 On site: 121 low | high Med: 76 | |