Located in the Paradise Lake District on Map 49 lot 88. Introducing an exceptional property now available for sale, featuring a high and dry level lot that has been meticulously surveyed and is primed for development. This lot presents an ideal opportunity for a charming 2-bedroom house with a spacious 24 x 24 garage situated beneath. Alternatively, the design can be modified to accommodate two separate 1-bedroom units, each with its own garage beneath the house, perfect for two families seeking a cozy retreat. The installation of septic and well systems will be necessary. An electric pole is conveniently positioned at the street, offering seamless access to power connections. Buyer to do due diligence. One of the key highlights of this property is its enviable proximity to the captivating Paradise Lake. Spanning approximately 18 acres, this picturesque pond showcases breathtaking natural beauty. While the lake is dependent on beaver-induced damming, it continues to exude its charm with mesmerizing shimmering lights that playfully dance upon the water's surface when kissed by the sun's rays. Moreover, Paradise Lake is a haven for an array of exquisite birds and wildlife, fostering a serene and idyllic ambiance. This property provides an unparalleled escape from the hectic urban landscape, allowing you to revel in tranquility while still being within convenient reach of Brooklyn's finest restaurants, entertainment venues, and the area's top-notch school system. This property is zoned for residential/agricultural use, making it an ideal location for animal enthusiasts. You are welcome to bring your animals to the premises. However, please note that the zoning does not permit camping activities. (Unless you have a building permit. )
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NMLS Mortgage Loan Originator ID 81725
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $31,920 | $31,920 | $31,920 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.750% | 6.875% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.737% | 7.055% | 6.120% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $207 | $210 | $267 |
Total Monthly Payment | $282 | $285 | $342 |
* 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.