This hidden gem of 79 acres, consist of two contiguous parcels; 29 acres (SBL#26. -1-45) in the Town of Delaware and 50 acres (SBL#2. -1-19) in the Town of Cochecton, NY. The untamed beauty of the land and its 360-degree bucolic views promises serenity with privacy, making it the perfect canvas for your dream house nestled in the picturesque Catskill mountains. Just pure tranquility with lush foliage and a variety of fauna wildlife on a lovely country road. The topography is tiered, mostly wooded with open level areas and rocky outcroppings. The property lends itself well to a home site or sites to build your family compound of homes! The property has been family-owned land for over 50 years. For the single family home builder to reduce taxes - one might consider putting the 50 acre parcel in a Land Conservation easement and or the Forestry Program (log the property)! This incredible property has everything you’ve been looking for - a pond, small barn with electric, seclusion, privacy yet close to everything. The Delaware River is a short distance away, as are the neighboring Communities of Barryville, Eldred, Highland Lake, Bethel, Callicoon and Livingston Manor. Close by is incredible fishing, kayaking, hiking, horseback riding, skiing, shopping, Breweries, Distilleries & Wineries, Bethel Woods Center for the Arts, Resorts World Casino, and Farmer Markets!! ATTENTION DEVELOPERS - This could be an amazing property for a subdivision with over 2, 675 feet of road frontage on New Turnpike Road!!! Come take a look, the property offers great views and has tiers for multiple home sites on so many levels. This property is within 2 hrs from NYC. Additional Information: SoilType: Loam,
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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 | $780,000 | $780,000 | $780,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.750% | 6.500% | 6.000% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.844% | 6.597% | 6.158% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,552 | $4,930 | $6,582 |
Total Monthly Payment | $4,644 | $5,022 | $6,674 |
* 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.