UPDATE: these properties will be split into two listings shortly, the restaurant/range portion at $1. 5m and the farm/residential portion at $1. 2. Four contiguous lots totaling approximately 68. 43 acres with frontage on Route 22. This includes an 8. 10-acre lot in Pawling (Duchess County). “Lot 1” 12. 97 acres C1 zoning with restaurant, Iron & Wine(lease terminates in Jan. 2025, but the lessee is also willing to renew with new owner), and defunct former driving range & mini-golf. “Lot 2” 35. 62 acres C1 zoning with small farming operation, residential & commercial leases. “Lot 3” 11. 74 acres R1 zoning with wetlands. “Lot 4” 8. 10 acres R1 zoning with wetlands in the town of Pawling (Duchess County). Wetland maps and setbacks to come. Buyers should refer to zoning regulations and wetland designations/setbacks/restrictions on Towns of Patterson & Pawling websites and/or municipalities directly for all property information, zoning regulations, acreage, restrictions, permitted uses, and more. Articles V & VII of zoning regulations and permitted uses are attached documents.
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $2,200,000 | $2,200,000 | $2,200,000 |
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 | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $12,839 | $13,906 | $18,565 |
Total Monthly Payment | $12,964 | $14,031 | $18,690 |
* 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.