Calling all builders and investors! Here's your chance to own a remarkable piece of land. in the picturesque town of Lake Placid, NY! This land is ideally located in Lake Placid, providing easy access to all the amenities. and attractions the town has to offer. Enjoy the convenience of nearby shops, restaurants and recreational activities. Embrace the beauty of nature with stunning mountain views and experience the tranquility and serenity that comes with being immersed in such a captivating landscape. Just a stone's throw from Mirror Lake, you'll have easy access to various water activities. Take advantage of the serene atmosphere and create unforgettable memories. Outdoor enthusiasts will be thrilled with the proximity to world-class skiing and hiking trails. Experience the thrill of winter sports and explore the natural wonders of the surrounding mountains all year round. With it's rare combination of location, views and proximity to popular attractions, this land presents an excellent opportunity for builders and investors. Whether you're looking to build your dream home or make a savvy investment, this property has it all. Don't miss out on this rare opportunity to own a piece of land in Lake Placid, NY!
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To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
Our Insurance Division:
$899,999
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 347.223.0992
Sarah.Alvarez@Raveis.com
NMLS Mortgage Loan Originator ID 1880936
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $719,999 | $719,999 | $719,999 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.500% | 6.375% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.821% | 6.474% | 6.036% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,088 | $4,492 | $6,027 |
Total Monthly Payment | $4,180 | $4,584 | $6,119 |
* 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.