Oriole Mills Farm. Nestled in the rolling hills of the Hudson Valley, ninety-eight acres of prime real estate is split between the townships of Rhinebeck and Redhook and just five miles away from both quaint villages. Whether you are a horse lover or not, this property is an incredible opportunity. For the equestrian, there are many improvements already in place. The indoor arena measures 60' x 120' and is perfect for year-round riding and training. The outdoor riding ring is adjacent to several paddocks with run-in sheds and captures the views of the valley, making it a great place to practice and hone your skills. There is an eight-stall barn equipped with everything you need to keep your horses healthy and happy and an office/guest suite with an additional four stalls in an adjacent building. Enjoy miles of maintained carriage trails on the property and direct access to the LKTA trail system, allowing for beautiful, long rides throughout the countryside. There is also a caretaker/guest cottage, pool, and a large old barn with hand-hewn beams ready for restoring or repurposing. For the non-equestrian, the property could be subdivided and the improvements sold off, convert the buildings for other uses, or lease that portion of the property and enjoy seeing the horses plus the added income. While there is plenty of room to choose the perfect house site, we have identified three gorgeous possibilities and labeled them in the included photos. All three command stunning distant views, large level areas for backyards with pools or other amenities, and tons of privacy. Being only 90 miles to NYC, in such a sought-after location, with so many development possibilities, this offering is truly a once-in-a-lifetime opportunity.
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$1,395,000
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 | $1,116,000 | $1,116,000 | $1,116,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.375% | 6.250% | 5.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.850% | 6.360% | 5.930% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $6,249 | $6,871 | $9,267 |
Total Monthly Payment | $6,374 | $6,996 | $9,392 |
* 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.