0 Mercer Mountian Road, Canaan, NY, 01202 | $225,000

Situated in the rolling Taconic Mountains between the cultural corridor of the Berkshires and the breathtaking views of the Catskill Mountains is the prestige neighborhood of million dollar plus homes called Mercer Mountain. In the ever so popular Columbia County of the Hudson Valley, this offering is a generous 12. 5 acre buildable lot with 6. 5 acre homesite and a 6 acre zoned 2 auxiliary building sight (barn and pool or guesthouse and barn) directly across the street near the apex of Mercer Mountain Road with substantial seasonal western views of the Windham Blackhead Range of the Northern Catskill in the distance. The home site has already been blasted for you and your architect's vision and the panorama awaits in this already well established community. We are priced to allow for engineered septic required for all Mercer Mountain lots. Located between Lenox (shop Guidos!) Massachusetts and Tanglewood nights and Chatham, New York and its farm to table lifestyle. Convenient to both NYC and Boston.

Features

  • Zoning: RA-4
  • Frontage: 40 feet
  • Lot Size: 12.5 acres
  • School District: Chatham
  • MLS#: 155508
  • Days on Market: 2 days
  • Website: https://www.raveis.com
    /prop/155508/0mercermountianroad_canaan_ny?source=qrflyer
Listing information has been assembled from various sources of varying degrees of reliability. Any information critical to the buying decision should be independently verified.Listing courtesy of Four Seasons Sotheby's International Realty - Hudson

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Sarah DeFlorioVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 1880936

347.223.0992

Sarah.DeFlorio@Raveis.com

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0 Mercer Mountian Road, Canaan, NY, 01202

$225,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Sarah DeFlorio

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 $180,000 $180,000 $180,000
Term 360 months 360 months 180 months
Initial Interest Rate** 7.125% 6.990% 5.990%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.443% 7.133% 6.256%
Monthly Tax Payment N/A N/A N/A
H/O Insurance Payment $75 $75 $75
Initial Principal & Interest Pmt $1,213 $1,196 $1,518
Total Monthly Payment $1,288 $1,271 $1,593

* 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.