May be converted to a single family home: currently a restaurant in need of extensive renovation. Property has wetlands which may restrict development outside the building footprint. All concrete footings are good and deep with no signs of settling or movement. The wood posts on the outermost (perimeter) footings have rotted, the posts on all the interior footings are good. Mold present on the inside of the exterior walls to be replaced. To be on the property must have an approved appointment with a realtor agent or the owner present. Because of the extensive reno required the purchase will require all cash or significant cash down to close with private/hard money.
5546 Route 22, Millerton, NY, 12546
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) 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.
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