Lily Dale is a unique, gated community with strict rules. You must be a member in good standing of the Spiritualist religion, and property is handled through leaseholds rather than traditional land ownership. Housing and Rules: No Land Ownership: You cannot actually buy and own the land under a home. Instead, you buy a leasehold that gives you the right to live on the property for a set number of years. Cash Only: Mortgages are not allowed inside the community, meaning you must buy your home outright with cash. Even without land ownership, you still have to pay property taxes. Religious Requirement: You must be a member in "good standing" of a recognized Spiritualist church and go through an application process with the Lily Dale Assembly board of directors. Community Life: Small Population: Only around 250 to 275 people live there year-round, though thousands of visitors arrive during the summer program season. Lily Dale is considered to be the 'Psychic Capital Of The World'. The lease fee to the 'Lily Dale Assembly' is currently $1143/year. This 4 bedroom home has a fantastic layout and is ever so welcoming!! 2 bedrooms and a full bath on first floor, 2 more bedrooms and a full bath on 2nd floor as well. Huge walk-in closets are amazingly everywhere. The large living room has a wood burning fireplace and A/C. There is a Mitsubishi mini-split A/C on the 2nd floor to cool the bedrooms upstairs as well! Living in Lily Dale gives you the ability to use the beach and stroll the lovely waterfront, which you can see from the balcony of the upper back bedroom in this home! The basement is partially finished with recreation room that has tiled floor, another 1/2 bath, brick fireplace, mini kitchen, laundry and utility/workshop room and glass block windows. Attached garage with overhead door opener, blacktop driveway. This unique Lily Dale home that is teeming with character and warmth can be lived in for summer use during the Lily Dale Program Event season or year round as it is heated with a Lennox Elite Series forced air furnace. Steel roof, blown-in insulation, high speed internet available. your journey awaits!
Based on the average sale price from the Rochester, NY office
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Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.
Mortgage calculator provided courtesy of Inside Real Estate.
8 Marion Street # Ld N Pomfret, NY is a Single Family Home for sale at $168000 with 1696 sqft and a lot size of 0.1011 Acres Acre(s). 8 Marion Street # Ld N Pomfret has 4 bedrooms, 2 baths and was built in 1922. The property's zip code is 14752 which is in Pomfret, NY
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Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Mortgage calculator provided courtesy of Inside Real Estate.
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