Presented byWendy Westcott |
This is a once-in-a-lifetime opportunity to create and customize a country compound in the Borough Village of Northfield on 9. 89 acres of level pasture with wooded border and pond. It is surrounded by well-cared-for historic homes and a short walk to the heart of the village of Northfield, which was established in the late 1700s and originally known as "Meetinghouse Hill". This special property was a registered dairy farm through the late 17th and 18th centuries, and it has been part of the same family for four generations. Enter the circular driveway over a pastoral field. The large hand-hewn chestnut post-and-beam Old English dairy barn is the helm of the five structures. Four of the five structures have metal roofs, two with standing seams. The main house roof was replaced in 2023. An 18 ft deep clear water pond is situated behind the one- bedroom dwelling. This 2 story guesthouse/accessory building has a kitchen, living room overlooking the field, and private deck. The main house, at the top of the driveway, requires total renovation. Rarely does such a property become available, offering so many desirable features: flat open land surrounded by the privacy of a wooded border, significant frontage with two driveway entrances, and a fishing pond- all in a walkable and beautiful historic village setting. RR zoning with many permitted and special exceptions uses. See RR Zoning doc in supplements. The listing refers to the bedrooms in the main house only. The one-bedroom, two-story accessory dwelling can be accessed upon second viewing. Each residence has its own septic system with 1000 and 750-gallon concrete tanks. There is a fire hydrant pipe from the pond for village use. The main house flooring is likely chestnut wood under the linoleum. The electrical service was upgraded not long ago. There is a new burner on the main house furnace. The roof of the main house was replaced in 2023.
Type | Description | Dimensions | Level |
---|---|---|---|
Bedroom 1 | 13.0 x 10.0 | Upper | |
Bedroom 2 | 12.0 x 10.0 | Upper | |
Bedroom 3 | 9.0 x 8.0 | Upper | |
Family Room | 14.0 x 17.0 | Main | |
Kitchen | 9.0 x 12.0 | Main | |
Living Room | Fireplace,Wood Stove | 12.0 x 20.0 | Main |
Office | 6.0 x 7.0 | Main | |
Primary Bedroom | 12.0 x 10.0 | Upper |
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $620,000 | $620,000 | $620,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.250% | 6.990% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.582% | 7.171% | 6.518% |
Monthly Tax Payment | $560 | $560 | $560 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,229 | $4,121 | $5,316 |
Total Monthly Payment | $4,881 | $4,773 | $5,968 |
* 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.