Grab this amazing opportunity NOW! TWO houses on 2. 5 ACRES! This property is unique due to its features and picturesque rural setting. It sits on 2. 5 acres in an agricultural area. offering ample space for horses and outdoor activities. Recent upgrades include a new roof on both homes, new appliances. and fresh updates throughout for a true move-in ready experience. This property includes a main home with 3 spacious bedrooms, all with hardwood floors. and two screened in porches. Also included is a Bonus Additional home, also known as an ADU (Accessory Dwelling unit). This 600sf versatile space features 2 bedrooms and 1 bath and offers several benefits: it can be used as a mother-in-law suite, guest accommodations, or even as an income producing rental. giving you endless opportunities. It also offers Privacy and Flexibility by providing a separate living space for guests, family members or tenants, offering privacy for both the main home occupants and visitors. The ADU offers versatile use. This dwelling can serve various purposes, such as a home office, studio, or an in-law suite enhancing the property's functionality and appeal. With both the main home and the ADU offering separate living spaces, this property offers a fantastic opportunity for generating rental income- Whether you plan to host extended family members or capitalize on the local rental market. The potential here is endless! You could even build your custom Dream Home on location for anyone interested in building!
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William Raveis Real Estate
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Contact@raveis.com
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $308,000 | $308,000 | $308,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.477% | 7.159% | 6.498% |
Monthly Tax Payment | $247 | $247 | $247 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,049 | $2,047 | $2,641 |
Total Monthly Payment | $2,371 | $2,369 | $2,963 |
* 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.