A prime location and a buildable lot are now available in the "Powder Mill Development". Join other entrepreneurs in making this development genuinely spectacular. The land itself feels like it's been waiting for something special—a place where the crisp mountain air will fill your lungs, and each snowflake that falls outside feels like nature's blessing. This lot is a blank canvas ready for the next owner to take over and create something magical. It is located three miles from Magic Mountain Ski Resort. Find a healthy mix on the road of existing construction, new construction and buildable lots. This lot has a pending permit for a wastewater system. Please note there are covenants. Some of the big ones include lots used for residential single family only, 1200 sq foot build minimum, complete building within 2 years, domestic pets and horses and a 2. 5 story or 32' foot height restriction. Minutes to Magic, then Stratton or Okemo make this a skier paradise. Surround yourself with woods and dirt roads here. There are plenty of walking trails around the property. It is very close to the VAST trail. Enjoy all there is to offer in this sweet spot. See the stars on a clear night. Very low light pollution in this area. Schedule a tour today. No signs are allowed on the property. Contact for a pin location or more thorough directions. Take the leap for a life well-lived: skiing, solitude, and adventure.
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Our Executive Mortgage Banker:
Our Insurance Division:
$55,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 203.415.2989
Brian.Skelly@raveis.com
NMLS Mortgage Loan Originator ID 793093
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $44,000 | $44,000 | $44,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 7.125% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.330% | 7.295% | 6.538% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $293 | $296 | $377 |
Total Monthly Payment | $368 | $371 | $452 |
* 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.