Nestled in the sought-after area of Blooming Grove near Monroe, this 75-acre property offers stunning views and privacy. The 3, 860 sq. ft. home, built in 2020, offers 5 bedrooms, 4 bathrooms, and a studio apartment above the 2-car garage with a kitchen and full bath. The unfinished basement, featuring windows and high ceilings, provides the potential for an additional 1, 800 sq. ft. of living space. Currently generating approximately $150k annually, this income can be maintained by the new owner. The property boasts a 1-acre lavender field and a large, partially finished barn, ideal for events, storage, or workshop use, creating even more revenue opportunities. The value is expected to increase quickly based on recent trends, making now the perfect time to invest in this exceptional, newly built home, lavender field, and vast acreage. Appliances: Range BuildingAreaSource: Other, ParkingFeatures: Unpaved,
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William Raveis Real Estate
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VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 347.223.0992
Sarah.Alvarez@Raveis.com
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 | $3,120,000 | $3,120,000 | $3,120,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.500% | 6.375% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.821% | 6.474% | 6.036% |
Monthly Tax Payment | $1,916 | $1,916 | $1,916 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $17,715 | $19,465 | $26,118 |
Total Monthly Payment | $19,756 | $21,506 | $28,159 |
* 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.