Welcome to 53 acres of stunning land in Patterson, NY. This remarkable property offers a unique opportunity to own a piece of history. Originally part of a border dispute between New York and Connecticut, this land became part of New York in 1731 and shortly thereafter was acquired by one of Quaker Hill's oldest families who farmed it for generations. The parcel is beautifully ringed with mature trees, providing privacy and a peaceful ambiance. The land is divided into three expansive hay fields, separated by narrow tree lines, creating a picturesque and functional landscape. The center of the property is nearly level, with gentle slopes rising to the west and descending to the east, offering an elevation change of approximately 100 feet. With numerous potential homesites, each boasting outstanding views, this land is perfect for those looking to build their dream home. The fertile soil and open fields make it ideal for organic gardening, crops, livestock, equine activities, or outdoor sports. The current Ag exemption in place reduces taxes from $10, 788 to $1, 857. Despite its serene and rural feel, this property is conveniently located just 3 minutes from Thunder Ridge Ski Area, Route 22 with local restaurants and shopping, and only 5 minutes from the Patterson Metro-North station, making it an easy commute to New York City. Don't miss this rare opportunity to own a piece of Quaker Hill's rich history and create your own legacy on this exceptional property. Be sure to click on the virtual tour icon to do a 360 degree panorama tour from four different areas of this incredible parcel.
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,900,000
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 | $1,520,000 | $1,520,000 | $1,520,000 |
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 | $8,512 | $9,359 | $12,622 |
Total Monthly Payment | $8,637 | $9,484 | $12,747 |
* 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.