The opportunities are astounding! Move into the farmhouse on 6. 51 acres, located at the end of a town maintained road or build an additional home on the other 20+ acres! The whole kit and caboodle includes the farm house, (sold alone on MLS# 501392) gorgeous barn, several outbuildings, whole property generator, seller owned solar panels, an established farm store location with walk in cooler, two popular Airbnb units and the potential for future development of several house lots. The views of the sunset over the Canterbury Hills to the west are amazing. As you sit at this property you feel like you are on top of the world. The home, built in the 1850's is filled with magic and original character. Measurements, road frontage, etc. are approximates and buyer is encouraged to do their due diligence. Bring your whole family and maybe some friends to this property where you can live together in a self-sustaining fashion and even generate some income. There is access on two Class VI roads as well as the town maintained road. Literally a galore of possibilities, no idea is out of reach. Currently the property is in current use, if the property is sold separately the seller will pay the applicable current use fee.
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $1,760,000 | $1,760,000 | $1,760,000 |
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 | $860 | $860 | $860 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $9,993 | $10,980 | $14,733 |
Total Monthly Payment | $10,978 | $11,965 | $15,718 |
* 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.