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Lofted barn cabin situated on 15. 72 acres that are fully fenced and are subdivided into two parcels which is perfect for a family compound. The electric powered gate leads you to the first parcel of 10. 72 acres which features a 2, 400 square foot pole barn fully secured on a concrete foundation! This massive pole barn extends up to 23ft in the center and 18ft on the sides so there is plenty of space to cover all your toys. Attached to the pole barn is additional utility/storage space that is currently being used as a dog kennel, but with washer and dryer hook ups and well and septic nearby, it could easily be converted into it's own apartment for guests or even as a rental investment. The remaining 5 acre parcel features a lofted barn cabin which offers additional living space that is perfect to stay in while you build your dream home or if you're into the minimalist lifestyle, make it your permanent residence. This cozy 1 bedroom 1 bathroom barn cabin is on its own well and septic in addition to the well and septic near the pole barn. Inside features vinyl plank flooring through the open layout. With the cathedral ceilings, the added loft creates additional living space for another bed or for more storage. If you're looking for even more storage, there are numerous outbuildings which include a 32x12 shed with power. Both parcels had previous mobile homes on the property and the impact fees were paid so you have the benefit of saving money with an impact fee credit! This property offers so many opportunities so come explore it for yourself!
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William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $492,000 | $492,000 | $492,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.375% | 6.875% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.995% | 7.050% | 6.132% |
Monthly Tax Payment | $176 | $176 | $176 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,069 | $3,232 | $4,119 |
Total Monthly Payment | $3,337 | $3,500 | $4,387 |
* 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.