Versatile 40-Acre Property with Income Potential
This unique 40-acre property in an agricultural-zoned community offers tranquility and ample opportunities for income generation. Whether you're looking for a sustainable lifestyle, event venue, or rental property, this location has it all.
The property features a picturesque setting with a pond, majestic oak trees, and a park-like ambiance, perfect for hosting weddings or special events. The main building, spanning 1, 898 sqft, includes a kitchen, men's and women's bathrooms, washer and dryer hookups, and a 2, 228 sqft screened-in pavilion. Additional structures include a 7, 200 sqft steel-frame multipurpose barn and a wood-frame storage building. Two fully renovated upstairs rental units, each with one bedroom, one bathroom, and a kitchen, are available for monthly rental or as daily/weekly Airbnb accommodations. The property also generates income as a popular wedding venue, taking full advantage of its scenic charm and event-ready amenities.
Recent updates include a complete renovation of the party hall with new lighting, including chandeliers, as well as the addition of new furniture such as 100 chairs, 25 tables, sofas, and decorative items. A front porch with ceiling fans and lights has been added, and the landscaping has been revitalized with new sod (60 pallets), outdoor plants, and a sprinkler system. The parking lot now features solar lighting leading to the main gate, and a modern security system with cameras has been installed. Other improvements include repairs and repainting of adjacent buildings, barn repairs, and general property enhancements. This property is ideal for hosting events, creating a retreat, or living sustainably while generating multiple income streams.
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Our family of companies offer our clients a new level of full-service real estate. We shall:
To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
Our Insurance Division:
$1,400,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $1,120,000 | $1,120,000 | $1,120,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.750% | 6.625% | 6.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.620% | 6.735% | 6.806% |
Monthly Tax Payment | $314 | $314 | $314 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $7,264 | $7,171 | $9,834 |
Total Monthly Payment | $7,703 | $7,610 | $10,273 |
* 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.