Presented byJanet Warren |
Land of opportunity! A magical 558+ acre parcel of land, 90 minutes from Manhattan, offers endless possibilities as a sprawling, fun-filled family compound or commercial facility with enormous potential. Level terrain, extensive trails, pastures and meadows are a natural for an exceptional equestrian facility (private or commercial), ATVs and hiking and as well as vineyard or farm. Currently used as a private family hunting property for deer, bear and duck, the land boasts an extensive list of location choices over multiple terrain/food plot types depending on the time of year and hunting season. Adjacent to the Great Swamp, Mother Nature has provided great natural habitat for waterfowl and big game alike. In addition, an impressive series of water impoundments were developed to create ponds for waterfowl and other wildlife, ideal for hunting enthusiasts. The water impoundment system is fed by a fresh water well that produces approximately one million gallons per day (an amazing asset on its own for future development of the parcel), flooding specific areas of the property to create nine ponds on the property. Conversely, this impressively sustainable impoundment system can be drained, releasing the water back onto the property and restoring the ponds to dry land for growing next year's crops. The impoundment system (rarely installed on private property due to cost) gives the land increased versatility ponds when desired during hunting season, and the quick return to the property's original terrain when the water is released. Not only can the Dutchess County property so convenient to Connecticut and Westchester--easily accommodate a first-class hunting club or lodge, it could also be used for agricultural farming, raising livestock, vineyard opportunities, residential compound and more. A must-see rare parcel with nearly limitless opportunity. Located just off Route 22 in Pawling, NY
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Our Executive Mortgage Banker:
Our Insurance Division:
$11,000,000
Sales Associate
William Raveis Real Estate
Phone: 203.610.1124
Janet.Warren@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 424.356.4321
Nico.Sharp@raveis.com
NMLS Mortgage Loan Originator ID 337556
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $8,800,000 | $8,800,000 | $8,800,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.000% | 6.750% | 6.500% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.377% | 6.851% | 6.664% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $52,760 | $57,077 | $76,657 |
Total Monthly Payment | $52,885 | $57,202 | $76,782 |
* 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.