EXCELLENT and rare OPPORTUNITY to own a great Greenhouse/Farm. This unique property of approximately 1 acre is located in the heart of Bayport. Between its uniqueness LOCATION LOCATION!, right on the corner of Montauk Highway North (27A) and Sylvan Ave. Besides, having a house and a cabin, you can legally raise chickens, cultivate plants and sell eggs. The property comes with a house-type Cape with 4 Bedrooms, 2 Bathrooms, hot tub and a detached cottage with 1 bedroom and 1 bath, detached 4-car garage with a new roof, 16. 000 SQF of Greenhouses. The heating system uses oil from multiple tanks, force air greenhouses, multi-zone heat in each of the 5 greenhouses. The house is a single-family residence with ongoing legal AGRICULTURAL use. Store on property operated by the Owner and lastly, all the structures have their own COs DO NOT MISS THIS OPPORTUNITY!!! "May qualify for a USDA loan if they use of the property is not changed".
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,250,000
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 Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $1,000,000 | $1,000,000 | $1,000,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.000% | 5.875% | 5.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.963% | 5.983% | 5.805% |
Monthly Tax Payment | $1,632 | $1,632 | $1,632 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $5,368 | $5,915 | $8,237 |
Total Monthly Payment | $7,125 | $7,672 | $9,994 |
* 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.