Situated in Marion County’s renowned NW region amongst established horse farms, this incredible farm combines two lots for a total of 70. 74 acres of equestrian opportunity. Close to both HITS and the World Equestrian Center, this farm has ample potential for horsemen of multiple disciplines with the right vision. In an area known for its high-quality soil and lush grass, this property is no exception– limestone enriched soils create an ideal environment for raising happy, healthy horses here in Marion County’s horse country. The farm’s main center-aisle barn is thoughtfully equipped with a total of 14-stalls and a variety of features including a tack room, feed room, and wash rack. This barn also includes a barn apartment and additional barn office, making it easy to separate personal and business or to offer potential seasonal rental space for passive income. Separate from the main barn is a hay barn which provides plenty of storage space. A total of 11 paddocks of varying sizes are currently in place, offering a good variety depending on your needs. Large, open pastures are also established and could easily be further divided into smaller paddocks or other equestrian facilities as desired. An additional round pen, and multiple arenas are also in place, providing plenty of options for those looking to keep up their training all year long. The property’s 4-bedroom, 3-bath home provides plenty of space with over 2, 800 SqFt under air. The split-bedroom floor plan provides plenty of privacy and a great starting point for those who would like to make this home their own with some thoughtful updates. This farm is an exceptional option for equestrians looking to get the most out of the Horse Capital of the World®, with ample opportunity to further customize the property to suit your needs!
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William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $2,480,000 | $2,480,000 | $2,480,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.625% | 6.750% | 6.500% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.343% | 6.876% | 6.725% |
Monthly Tax Payment | $506 | $506 | $506 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $15,880 | $16,085 | $21,603 |
Total Monthly Payment | $16,511 | $16,716 | $22,234 |
* 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.