AO. Light-filled open land with a mix of towering old growth trees, this is a rare property only 1. 5 miles from Rhinebeck Village Center. These 5. 4 acres are bounded to the North by a stone wall and 860acres with beautiful natural wetlands. The gradually undulating topography provides privacy and interest as does the 500’ of curved frontage. Level access from the road meanders along a stream and seems to designate a tree-lined driveway. Cleared to perfection retaining prominent trees and opening to a stone wall on the East. Less than . 75mile to the entry of Ferncliff Forest Nature Preserve with 12 miles of hiking & mountain biking trails, a fresh pond, a fire-tower with breathtaking views & camping facilities – What a central location to build a home. The RA10 zoning may permit a 2-Family residence presenting a potential investment or multi-generational opportunity. Minutes to the Kingston Bridge & Rhinecliff Train Station, this rare offering is priced below estimated market value.
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Our Executive Mortgage Banker:
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William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 347.223.0992
Sarah.DeFlorio@Raveis.com
NMLS Mortgage Loan Originator ID 1880936
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $220,000 | $220,000 | $220,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.750% | 6.625% | 5.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.300% | 6.778% | 6.034% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,427 | $1,409 | $1,827 |
Total Monthly Payment | $1,502 | $1,484 | $1,902 |
* 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.