Panther Lane Forest offers an attractive 868+-acre early successional forest and recreation-oriented land investment with over a mile of frontage along town-maintained Bigelow Road (Panther Lane). The property includes an existing camp (On the Wing Grouse Camp) with an outdoor picnic pavilion and an extensive recreational trail network. The forest has been managed to maintain early successional and field edge habitat for upland bird species like grouse, woodcock, and turkey. Small field openings dotted with apple trees attract deer. The property has historically hosted the annual New York Grouse and Woodcock Hunt fundraiser sponsored by the Ruffed Grouse Society to raise money for grouse and woodcock habitat preservation. The timber resource offers a young, vigorous, well-stocked mixture of hardwood (cherry, birch, maple, aspen) and softwood (spruce/fir) species. A combination of good access, interior trail network, and gently rolling terrain support future enjoyment of the property with excellent long-term potential for timber growth and appreciation. Several streams, headwaters of the North Branch of the Great Chazy River, provide a water resource and enhance wildlife habitat. The property is enrolled in New York’s 480A forest tax program. On a clear day, the Montreal skyline is visible from the property. The area surrounding the property is composed of a mixture of forestland, farms, camps, wind energy, and rural residential uses. Deeds and tax info available upon request.
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NMLS Mortgage Loan Originator ID 81725
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $636,000 | $636,000 | $636,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.250% | 6.990% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.582% | 7.159% | 6.518% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,339 | $4,227 | $5,453 |
Total Monthly Payment | $4,431 | $4,319 | $5,545 |
* 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.