Price Reduced! 5 acres with lake rights! Located on a quiet country road in scenic Forestburgh, this property is a 5. 01-acre blank slate for you to bring your dreams to. Whether you want to build your forever house, a weekend cabin, or a hunting retreat, this is a great spot for it. The property is wooded, has one big slope in the front but the rest is pretty level, has some streams running through, and has a shallow pond in the back with so much potential. The property has deeded lake right to the 14-acre McAuleys Lake which offers members a sandy beach, boating, swimming, and excellent fishing. Dues are only $350 per year. The beach entrance is just a half mile up the road from the property. Forestburgh is a small town that is a great place to live and visit. It is "The Winter Home of the Bald Eagle" and home to the Forestburgh Playhouse which is a local gem that has seasonal Broadway-style live shows. Local Sullivan County hotspots including Resorts World Catskills, The Kartrite Indoor Waterpark, Monster Golf Course & Bethel Wood Center for the Arts are all nearby. Local outdoor attractions include Swinging Bridge, Mongaup Falls Reservoir, and Rio Reservoir. As Mark Twain famously said, "Buy land, they're not making it anymore!"
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Our Executive Mortgage Banker:
Our Insurance Division:
$50,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 347.223.0992
Sarah.Alvarez@Raveis.com
NMLS Mortgage Loan Originator ID 1880936
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $40,000 | $40,000 | $40,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.477% | 7.159% | 6.498% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $266 | $266 | $343 |
Total Monthly Payment | $341 | $341 | $418 |
* 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.