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AO: Accepted Offer on this property showing for backup offers only. This prime 9. 6-acre parcel of raw land in Highland Mills, NY, offers an exceptional opportunity for developers and investors looking to create a subdivision in a highly desirable location. With ample space for multiple lots, this property is subdividable, making it an ideal candidate for residential development. The land features a gently flowing stream running through the property, adding a picturesque touch to the natural landscape. The site includes an allowance for a private road to be constructed through the middle of the property, further enhancing its development potential. The land also boasts points of frontage on Seven Springs Road, Bakertown Road, and Campbell Ave, offering convenient access from multiple directions. Additionally, there is a stone foundation and fireplace from an old, long-forgotten home on the property, adding historic charm. Whether you're looking to build a small community or a large estate, the possibilities are endless. Please note that this land is being sold as is, and all prospective buyers are encouraged to conduct their own due diligence to ensure the property meets their needs and development requirements. This rare opportunity in Highland Mills won't last long—act quickly to secure your slice of this beautiful and promising land.
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William Raveis Real Estate
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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 Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $1,600,000 | $1,600,000 | $1,600,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.500% | 6.625% | 6.000% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.614% | 6.739% | 6.183% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $9,085 | $10,245 | $13,502 |
Total Monthly Payment | $9,210 | $10,370 | $13,627 |
* 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.