390 St Andrews Road, Walden, NY, 12586 | $2,999,000

Endless possibilities for this beautiful tree lined 40 acre property. You have the option to renovate the current house on the property which would preserve the original structure and its historical value, or subdivide and build an approximate 16 home subdivision which has the potential for a significant profit given the price of new homes in this area. Another option is to install a solar grid over the 40 acres and generate a steady, long-term income with potential tax incentives and subsidies for renewable energy projects. Additional Information: SoilType: Unknown,

Features

  • Lot Desc: Level, Split Possible, Wooded
  • Elem. School: East Coldenham Elementary School
  • Middle School: Valley Central Middle School
  • High School: Valley Central High School
  • School District: Valley Central (Montgomery)
  • MLS#: H6317470
  • Days on Market: 137 days
  • Buyer Broker Compensation: 2.00%
  • Website: https://www.raveis.com
    /raveis/H6317470/390standrewsroad_walden_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.

William Raveis Family of Services

Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.

The Kerwar TeamSales Associates

914.469.9737

TheKerwarTeam@raveis.com

Our family of companies offer our clients a new level of full-service real estate. We shall:

  • Market your home to realize a quick sale at the best possible price
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To learn more about our credentials, visit raveis.com today.

Vincent DiMellaVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 24240

914.494.1459

Vincent.DiMella@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
  • Has access to hundreds of loan programs, all at competitive rates
  • Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction

Jennifer HartInsurance Sales Director, William Raveis Insurance

978.457.6220

Jennifer.Hart@raveis.com

Our Insurance Division:

  • Will Provide a home insurance quote within 24 hours
  • Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
  • Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
    Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable

390 St Andrews Road, Walden, NY, 12586

$2,999,000

The Kerwar Team

Sales Associates

William Raveis Real Estate

Phone: 914.469.9737

TheKerwarTeam@raveis.com

Vincent DiMella

VP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 914.494.1459

Vincent.DiMella@raveis.com

NMLS Mortgage Loan Originator ID 24240

5/6 (30 Yr)
Adjustable Rate Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $2,399,200 $2,399,200 $2,399,200
Term 360 months 360 months 180 months
Initial Interest Rate** 5.500% 6.250% 5.875%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.748% 6.396% 6.036%
Monthly Tax Payment N/A N/A N/A
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $13,622 $14,772 $20,084
Total Monthly Payment $13,747 $14,897 $20,209

* 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.