Nestled in Cold Spring, New York, the properties at 58 and 62 Walmer Lane present unique opportunities for development and investment. Both parcels are currently vacant land, each encompassing approximately one acre. Both lots being sold as one. The zoning for these properties is designated as R40, which typically allows for residential development with a minimum lot size of 40, 000 square feet. This zoning provides flexibility for potential buyers interested in constructing single-family homes or exploring other residential development options. The surrounding community of Cold Spring is renowned for its historic charm, vibrant arts scene, and proximity to the Hudson River, making it a desirable location for new development. In summary, 58 and 62 Walmer Lane in Cold Spring, NY, represent promising opportunities for development in a sought-after locale. These parcels are well-suited for those looking to invest in the Hudson Valley region. There is a current BOHA for a 4 BED Room Home.
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William Raveis Real Estate
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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 | $151,920 | $151,920 | $151,920 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.875% | 6.990% | 6.125% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.191% | 7.159% | 6.392% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $998 | $1,010 | $1,292 |
Total Monthly Payment | $1,073 | $1,085 | $1,367 |
* 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.