Passed along through generations, (approximately) 330 acres of open fields and lush forests of the Fraser Settlement of 1808 is now being offered. Hidden along a quiet winding road in the Catskills, the pristine, raw farmland and deep serene woods with streams, trails and wildlife a rare find. Opportunities for residential compound, development, recreational use, hunting, ATVs, snowmobiles, horseback riding, cross country skiing or glamping. A no-fly zone was established in the 1900's restricting aircraft from flying directly overhead for the nearby airport. The current pastures and fields are maintained each season as part of an agricultural program and the magnificent forests are currently enrolled in the forestry program - which can be renewed upon request. The current Timber Value for all acreage within the program is valued at $400, 000. The total acreage consists of 4 parcels for which SBLs and maps can be provided. Located approximately 90 mins to NYC, the drive is scenic highway traveling through the gorgeous Hudson Valley. This property is located within the Town of Bethel, famous for hosting Woodstock and currently the site of The Bethel Woods Performing Arts Center, a mere 10 minute drive. Within a 15–20-minute drive you will find access to Bus Terminal, Resorts World Casino, Kartrite Water Park, Monticello Motor Club as well as skiing, tubing, water sports, many public lakes and parks. The chef inspired restaurants and exclusive hotels such as Seminary Hill, The Hills, Kenoza Hall, The Eldred Preserve, The Chatwal Lodge and The Debruce Inn located in nearby towns of Livingston Manor, Eldred, Narrowsburg, Callicoon and Kauneonga where many unique restaurants, boutique shops, breweries and events take place. This is truly a country destination awaiting the nature enthusiast or property developer. Additional Information: SoilType: Gravel,
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William Raveis Real Estate
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VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 347.223.0992
Sarah.Alvarez@Raveis.com
NMLS Mortgage Loan Originator ID 1880936
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $2,280,000 | $2,280,000 | $2,280,000 |
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 | $12,946 | $14,038 | $19,086 |
Total Monthly Payment | $13,071 | $14,163 | $19,211 |
* 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.