Auction Property. CAUTION WATER DAMAGE REPORTED--FLOODING. SITUATION UNDER SELLER REVIEW. This rare waterfront property, set on approximately 10. 6 acres, offers endless potential for those seeking to create a private estate or invest in prime land. While the existing home is uninhabitable and will require significant work or demolition, the value is undeniably in the expansive acreage and stunning water views. Anyone viewing the property should do so with extreme caution due to safety concerns. A large barn sits on the property, adding to its versatility and making it ideal for hobby farming or other outdoor pursuits. The land provides ample space for recreation, gardening, or future development, with the added bonus of a swimming pool already in place. This property balances tranquility with access to local attractions. Outdoor enthusiasts can enjoy nearby parks, nature trails, and waterways perfect for boating and fishing. The property is also near scenic spots ideal for birdwatching and hiking. For dining, Orange offers a diverse range of cuisine, from fresh-caught seafood and classic Southern barbecue to farm-to-table options that celebrate the region’s local flavors. Whether you’re looking to relax by the water or explore the outdoors, Orange provides the perfect backdrop.
** All potential Buyers are requested to check with the City, County, Zoning, Tax, Schools, and other records to determine all details on this property listed above to their satisfaction. The Buyer is responsible for performing their due diligence before bidding, as the high bidder will receive an "AS-IS" CASH-ONLY contract with no contingencies, inspections, or warranties. **
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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 | $244,400 | $244,400 | $244,400 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.477% | 7.159% | 6.296% |
Monthly Tax Payment | $145 | $145 | $145 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,626 | $1,624 | $2,061 |
Total Monthly Payment | $1,846 | $1,844 | $2,281 |
* 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.