One of the last great estates left in Montebello, NY. Absolutely stunning 8. 2 acres offering complete privacy with mountain views, mature trees, wide open green space, cascading water feature and two private ponds. To walk this property and be among the trees. . . and see the mountains in the distance. . . It's a peace that most people will never know. This family has owned the land for over 60 years! So many beautiful memories were created swimming in the ponds, fishing, playing in the yard, riding bikes along the paths and exploring the undeveloped portions of the grounds. There's something special about being able to "go out on the water" . . . or just sit in awe at the beauty of the swans and blue heron and other wildlife that find their way there. Currently, the property enjoys three structures: the original home, a guest house and a free standing three car garage with a one bedroom apartment above. There's over 7, 400 SF of finished living space throughout the three structures, and if any of the 8 garages are converted, there would be substantially more. The site, although breathtaking as is, would make the most magnificent development site. Create the luxury retreat of your dreams and enjoy it for decades to come. Located in the RR-50 zone, the subdivision would be as of right. At the rear of the property, there is an undeveloped driveway that leads to an existing curb cut on Gristmill Court. There are utilities already in place because of the existing three car garage, and there's a transformer box located at the back tree line if there's ever a need for additional power. Imagine a long, tree-lined driveway that comes off of Gristmill and opens to this unique parkland. Imagine consulting your architect and designing a one of a kind estate home and then picture your backyard with these two ponds and unobstructed views of the Ramapo Mountains. If you can't see it, let me show you. Your guests will stay in the homes across the pond and everyone will enjoy their privacy. I urge you, don't miss this once in a life-time opportunity. Be certain to click the virtual tour link for the full property website inclusive of full photo gallery, floor plans and interactive walk through. Additional Information: Amenities: Guest Quarters, Stall Shower, Storage, ParkingFeatures: 2 Car Attached, 3 Car Attached, 3 Car Detached,
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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 | $3,360,000 | $3,360,000 | $3,360,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.375% | 6.125% | 5.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.769% | 6.270% | 5.864% |
Monthly Tax Payment | $4,508 | $4,508 | $4,508 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $18,815 | $20,416 | $27,677 |
Total Monthly Payment | $23,448 | $25,049 | $32,310 |
* 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.