Located between the bustling City of Beacon and the charming village of Fishkill, this expansive property spans from Route 52 to Old Glenham Road approximately 22. 26 acres of "R-20; One-Family Residence" zoned land, offering a prime opportunity for multi-family development. The site, encompassing five parcels with four existing single-family homes in various conditions, amidst a dense hardwood forest with southern exposure toward Mount Beacon. These existing buildings could be renovated or modified for expansive estate use, offering options for single-family house rentals or creating a sprawling estate for those seeking private residential retreats. The property benefits from proximity to essential amenities such as the Glenham Water District and sewer mains located within 300 feet along Route 52, enhancing its development feasibility. Offering includes parcels : 907453 (62 Old Glenham Road), 914434 (64 Old Glenham Road), 888412 (ROW), 880479 (662 Route 52), 923470 (672 Route 52)
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,850,000
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 | $1,480,000 | $1,480,000 | $1,480,000 |
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 | $4,059 | $4,059 | $4,059 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $8,403 | $9,233 | $12,389 |
Total Monthly Payment | $12,587 | $13,417 | $16,573 |
* 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.