Welcome to the historic Crawford Farm Estate, a sprawling Gilded Age marvel nestled on 32 acres of picturesque Millbrook, NY countryside. Originally crafted in 1900 by esteemed real estate developer RL Burton, this stately mansion stands as a testament to the opulence of the colonial revival period and the vibrant fox hunt boom of the early 1900s. This grand estate boasts a 3 story, 9 bedroom, 8 bath mansion awaiting full restoration, alongside an attached 2 story, 18 room, dormitory wing. While both structures are ripe for rejuvenation, a more modern 7, 330 SF 6-classroom school building built in 2005 offers exciting opportunities for contemporary repurposing. Embracing self-sufficiency, the estate features a 100, 000-gallon water cistern, complemented by on-site water and sewage treatment plants, ensuring a seamless living experience for future inhabitants. Moreover, with the recently SPDES-renewed sewage treatment plant, the horizon of possibilities expands exponentially. Originally named Crawford Farm Estate, this historic site has witnessed the evolution of the region, from its agricultural roots producing cream cheese to its more recent incarnation as a health services rehabilitation center. Today, possibilities range from a magnificent single-family residence to a charming bed & breakfast, an educational institution, or even a serene corporate or religious retreat, with appropriate approvals. 54-66 Ramble Hill Lane is one of three locations in Millbrook that is part of the new Hospitality Overlay District. As part of the Hospitality Overlay, Ramble Hill can apply for a special use permit to allow for and regulate as an Inn. The property's strategic Millbrook location, two access points from Ramble Hill Lane and College Lane, just minutes from Route 44, the Taconic State Parkway, offers unparalleled convenience, with a Metro North train station a mere 20-minute drive away. With the potential for subdivision to further residential development, the Crawford Farm Estate presents a once-in-a-lifetime opportunity to own a piece of history, ripe with potential and poised for transformation. You won't find another offering in the region with this kind of scope and potential. Don't miss your chance to breathe new life into this enchanting slice of Millbrook's past, beckoning you to script its next chapter of splendor.
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Our Executive Mortgage Banker:
Our Insurance Division:
$2,100,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
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 | $1,680,000 | $1,680,000 | $1,680,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.500% | 6.375% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.821% | 6.474% | 6.036% |
Monthly Tax Payment | $4,359 | $4,359 | $4,359 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $9,539 | $10,481 | $14,064 |
Total Monthly Payment | $14,023 | $14,965 | $18,548 |
* 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.