Nestled in the southwest corner of Albany County in the quaint Town of Rensselaerville NY is this private 38 acre parcel with a pond. This property has tremendous potential as there is an existing structure in place that may be able to be renovated. The parcel is located on a private road and does have power supplied to it. The property has a remote feel and is very quiet providing a soothing atmosphere. The Town of Windham is located less than a 30 minute drive, and Hunter Mountain is only 45 minutes away. Easy access to 1, 000+ acres of state land. Bates State Forest provides plenty of recreational opportunities. The property itself is a mix of hardwoods with some pine and slopes slightly downhill which could provide a view of the Catskill mountains with some clearing. One can envision using this property as a retreat that is abundant with recreational opportunity and solace. From sitting around a campfire in the summer, grabbing a fishing rod and seeing what type of fish you can pull out of the pond, planting a garden to grow your own vegetables, chasing the elusive whitetail deer, ice skating on your own pond, skiing Windham Mountain and enjoying the fine eateries, and last but not least gathering your own firewood and maybe tap some trees in late winter or early spring to try your hand at maple syrup production!There is no end to the enjoyment and use of this property!Please note that this property is being sold as-is. There is no operational well or septic on the property.
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William Raveis Mortgage, LLC
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Sarah.Alvarez@Raveis.com
NMLS Mortgage Loan Originator ID 1880936
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $183,840 | $183,840 | $183,840 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.477% | 7.159% | 6.498% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,223 | $1,222 | $1,576 |
Total Monthly Payment | $1,298 | $1,297 | $1,651 |
* 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.