This lovely antique farmhouse, on 53. 8+/- acres, is perfect Marlboro. It sits on Cowpath 40, a quiet dirt road. The house needs a rehab, which could be done immediately or over time: kitchen, living areas, floors, bathrooms, could all benefit from being upgraded - the results willl be well worth the time and investment. As we say, the bones of this house are really good. The metal roof on the house was a good choice. The large barn in back of the house is solid. And you'll love the land - lots of opportunities to cut your own trails. There's even a bit of income from a small telephone tower that sits out of sight from the house. The land could be put into current use to reduce the property taxes. Two additional lots available - 8. 3+/- acres for $94, 500 (MLS #5022044) and 2. 3+/- acres for $69, 000 (MLS #5022045).
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Our Executive Mortgage Banker:
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$359,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 203.415.2989
Brian.Skelly@raveis.com
NMLS Mortgage Loan Originator ID 793093
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $287,200 | $287,200 | $287,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.477% | 7.159% | 6.296% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,911 | $1,909 | $2,422 |
Total Monthly Payment | $1,986 | $1,984 | $2,497 |
* 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.