Discover the incredible potential of this expansive 6. 34-acre property, offering the perfect blend of convenience and rural charm. With dual road frontages, 276-feet on Apothecaries Hall Road and 101-feet on Rye St-this land lending great accessibility and flexibility for future development. The mostly level terrain and minimal clearing required make it an ideal site for various possibilities, whether you're looking to build, expand, or cultivate. Though an old map suggests a stream on the property, the current owner has taken steps to clarify that wetland concerns and is having any flagged for the future owner, with a professional assessment in progress to confirm. Thanks to its dual entrances, the property presents the opportunity for subdividing into at least two separate lots, providing an excellent investment or development opportunity. Whether you're envisioning a private estate, equestrian setup, or a small farm, this land is perfectly suited for animals, including horses, and all the space you need for outdoor activities and farming. The rural atmosphere provides a peaceful escape, while the location remains highly convenient for everyday needs. With taxes reflecting a 490 farmland assessment, this property combines value with endless possibilities. Don't miss out on this rare chance to own a sizable piece of land in a prime location with room for future growth!
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William Raveis Real Estate
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William Raveis Mortgage, LLC
Phone: 203.980.8025
Frank.Kolb@raveis.com
NMLS Mortgage Loan Originator ID 81725
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $127,920 | $127,920 | $127,920 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.125% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.443% | 7.133% | 6.256% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $862 | $850 | $1,079 |
Total Monthly Payment | $937 | $925 | $1,154 |
* 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.