Indian Hill Christmas Tree Farm—the name alone does not begin to capture all that this 212-acre property embodies. Steeped in the agricultural history of South Hampton and painstakingly, yet lovingly, sculpted in increments by the current owner, this estate offers not only a main residence w/ attached 3-car garage, but also a 5-room apartment, a 3-story 4-stall barn, a modified greenhouse with rain sensor windows, multiple sheds, and the Christmas Tree Farm Emporium. Completing the package are 30 acres of six varieties of Christmas trees, a forester-managed woodlands for harvesting of hard and soft wood, and a pond for an afternoon of fishing. This one-of-a-kind property affords its owner a host of possibilities—a most private residence, perhaps a family compound, expanded business opportunities, creation of an equestrian facility, maybe the development of a small subdivision, or the combination of one or more of the potential opportunities. Ideally located for commuting north or south, a short distance to train stations, restaurants, shopping, beaches.
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $3,000,000 | $3,000,000 | $3,000,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.625% | 6.500% | 6.000% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.955% | 6.612% | 6.182% |
Monthly Tax Payment | $1,877 | $1,877 | $1,877 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $17,270 | $18,962 | $25,316 |
Total Monthly Payment | $19,271 | $20,963 | $27,317 |
* 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.