Endless possibilities for this beautiful tree lined 40 acre property. You have the option to renovate the current house on the property which would preserve the original structure and its historical value, or subdivide and build an approximate 16 home subdivision which has the potential for a significant profit given the price of new homes in this area. Another option is to install a solar grid over the 40 acres and generate a steady, long-term income with potential tax incentives and subsidies for renewable energy projects.
Utilities
Electric Available, Electricity Available
Lot Description:
Level, Wooded, Possible Sub Division
Elementary School:
East Coldenham Elementary School
Middle School:
Valley Central Middle School
High School:
Valley Central High School
School District:
Valley Central
Buyer Broker Compensation:
2.0%
Buyer Broker Compensation is for display purposes only and must be confirmed in writing directly from Listing Broker
390 St Andrews Road, Walden, (Montgomery), NY, 12586
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) 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.
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