If you are looking to get started in a new farming venue or looking for more acreage to grow your already established business then this property may be for you. There are 2 tracts totaling 30 acres located in the Joshua Grove Water District. The Joshua Grove is roughly 27, 000 acres of like minded farmers looking to plant and grow their dreams just like you. You can grow just about any crop you desire here and the irrigation canals throughout help to provide the water you need. There is a well pump already on the property but we cannot guarantee it works. There have been palm trees, sod, blueberries and such grown here but most in the district are growing citrus. With the proper approval you could put a farm structure on the property such as a barn or shed. Most of the orange trees in this orchard would need replaced if you decide to continue planting citrus. If you decide to plant something else it wouldn’t take much to clean up this property and start over. This area is zoned for agriculture only. Being located just east of Arcadia right off route 70 makes sending your crop to market a breeze.
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RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $228,000 | $228,000 | $228,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.250% | 6.990% | 6.125% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.655% | 7.146% | 6.412% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,555 | $1,515 | $1,939 |
Total Monthly Payment | $1,630 | $1,590 | $2,014 |
* 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.