NOT IN FLOOD ZONE One of the Largest Lots in Inwood - 99' x 277' on Coveted Block - Build Your Dream Home Near the Golf Course. Incredible Opportunity to Own One of the Largest Pieces of Land in Inwood! This exceptional 99' x 277' lot, located on one of the most coveted blocks in Inwood, offers a rare chance to create your dream home in a highly desirable neighborhood. With approx 27, 000 square feet of space, this expansive property is perfect for building a grand custom residence, with room for a luxurious pool, outdoor entertaining areas, and possibly even additional structures if permits allow. Currently, there is a charming approximately 2, 000 sq ft house on the property, offering immediate livability or the potential for renovation. Whether you choose to update the existing home or build your new estate from the ground up, this lot provides endless possibilities. Key Features: Lot Size: 99' x 277' (Approx. 27, 000 sq ft)-one of the largest and most expansive parcels available in Inwood Desirable Location: Situated on one of the most coveted blocks in Inwood, this property offers both exclusivity and convenience, making it an ideal place to create your forever home. Existing Home: Currently on the property is a charming +/- 2, 000 sq ft house-ideal for renovation or as a temporary residence while you plan your custom dream home. Build Your Dream Home: This large lot provides the perfect foundation for a luxury custom home, with room to create spacious living areas, multiple bedrooms, an entertainment wing, and more. Design a home with panoramic views of the expansive outdoor spaces. Room for a Pool & Outdoor Retreat: With such a generous lot, you'll have ample space for an in-ground pool, a hot tub, extensive landscaping, or even outdoor kitchens, dining areas, and entertainment zones. The oversized backyard is perfect for gatherings, parties, or a quiet retreat. Privacy & Serenity: The expansive lot offers a private, tranquil setting-ideal for creating a serene lifestyle surrounded by nature, with ample space for gardens, playgrounds, or sports courts. Shopping, Golf Course & Houses of Worship Nearby: Enjoy the convenience of being just steps away from the scenic Inwood Golf Course and within walking distance to the local Houses of Worship, creating the perfect blend of community, convenience, and recreational options. Investment Opportunity: Large, well-located properties in Inwood are a rare find, especially on such a coveted block. Whether you plan to build a luxury estate or seek development options, this lot offers tremendous investment potential and the ability to create lasting value. Properties like this-offering the combination of size, location, and the possible opportunity for development-are a rare find in Inwood. Don't miss out on this extraordinary chance to own one of the largest and most desirable lots in the area. , Additional information: Appearance: GREAT
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $2,199,200 | $2,199,200 | $2,199,200 |
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 | 6.748% | 6.474% | 6.036% |
Monthly Tax Payment | $750 | $750 | $750 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $12,487 | $13,720 | $18,410 |
Total Monthly Payment | $13,362 | $14,595 | $19,285 |
* 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.