Situated in the lofty hills of Newark in an incredible forest lies the “Lodge, ” a fantastic architectural gem blended perfectly into the forested landscape. At over 2, 000 feet in elevation, this delightful contemporary home exudes a feeling of being on top of the world, with wonderful views of Burke Mountain and a panorama of mountains and sky. Southern exposure combined with the numerous large windows lights up the interior spaces, helping to make this an ideal home for entertaining, a peaceful retreat for family and friends, as well as a great base for outdoor recreation. Plentiful spaces to suit your requirements, including vaulted living spaces, a chef's kitchen, formal dining room, a fantastic primary suite, a loft bedroom, plus 3 additional bedrooms, 4 full baths, 4 fireplaces, a nice study, and a large wrap-around deck. Storage is plentiful and convenient, utilities are accessible and modern (there is a wood-fired auxiliary furnace), and a spacious laundry room is located on the main level. In fact, there’s so much offered that a separate list of features is provided. A meandering gated stone-surfaced drive secures the property, which includes a separate 4-bedroom 2 bath cottage with garage. It needs some TLC from previous tenant's water damage, but offers a great opportunity to house overflow guests or use it as an Airbnb or caretaker's residence. This unique 111 acre property will reward the buyer with complete privacy and seclusion in a beautiful natural world.
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,350,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 203.415.2989
Brian.Skelly@raveis.com
NMLS Mortgage Loan Originator ID 793093
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $1,080,000 | $1,080,000 | $1,080,000 |
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 | $898 | $898 | $898 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $6,048 | $6,650 | $8,968 |
Total Monthly Payment | $7,071 | $7,673 | $9,991 |
* 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.