Gray Rock Lane, Chappaqua (New Castle), NY, 10514 | $515,000

Exceptional opportunity to build the house of your dreams right in the heart of Chappaqua! Featuring nearly an acre of level, dry land within the town's ½ acre zoning district, the vacant lot is situated off of Gray Rock Lane, one of Chappaqua's few remaining country roads. Sidewalks connect the property directly to downtown Chappaqua, only one mile away. 2023 percolation testing and engineering studies have produced reasonable assurances of full Health Department approvals for a new four - five-bedroom single family home and septic system. Town of New Castle is planning public sewer installment for potential use at this location as well. New Castle code indicates the possibility for a maximum floor area of 5, 770 SqFt to be developed on the lot with the potential to utilize the natural gas and municipal water lines in the area. Chappaqua schools and recreation with resident parking at Chappaqua train station. Don't miss out on your chance to create your own new, custom home close to the center of it all.

Features

  • Town: Chappaqua
  • Zoning: Other
  • Lot Desc: Level, Wooded
  • Elem. School: Roaring Brook School
  • Middle School: Robert E Bell School
  • High School: Horace Greeley High School
  • School District: Chappaqua
  • MLS#: H6308820
  • Days on Market: 183 days
  • Website: https://www.raveis.com
    /prop/H6308820/grayrocklane_chappaqua_ny?source=qrflyer
Listing information has been assembled from various sources of varying degrees of reliability. Any information critical to the buying decision should be independently verified.Listing courtesy of Julia B Fee Sothebys Int. Rlty   Phone: 914-234-0200

William Raveis Family of Services

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Customer Service

888.699.8876

Contact@raveis.com

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Brian ShahwanVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 2166562

302.293.7433

Brian.Shahwan@raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
  • Offers you pre-approval in minutes!
  • Provides a guaranteed closing date that meets your needs
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Joel FanjoyRegional SVP Insurance Sales, William Raveis Insurance

617.320.5687

Joel.Fanjoy@raveis.com

Our Insurance Division:

  • Will Provide a home insurance quote within 24 hours
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    Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable

Gray Rock Lane, Chappaqua (New Castle), NY, 10514

$515,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Brian Shahwan

VP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 302.293.7433

Brian.Shahwan@raveis.com

NMLS Mortgage Loan Originator ID 2166562

5/6 (30 Yr)
Adjustable Rate Conforming*
30 Year
Fixed-Rate Conforming
15 Year
Fixed-Rate Conforming
Loan Amount $412,000 $412,000 $412,000
Term 360 months 360 months 180 months
Initial Interest Rate** 7.000% 6.990% 5.990%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.477% 7.159% 6.296%
Monthly Tax Payment N/A N/A N/A
H/O Insurance Payment $92 $92 $92
Initial Principal & Interest Pmt $2,741 $2,738 $3,474
Total Monthly Payment $2,833 $2,830 $3,566

* 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.