Family compound/ranch estate with great income potential.
Located within 10 miles of all that Arcadia has to offer sits this 215 acre ranch estate featuring a luxurious 3/3. 5 main house, a 2 story 3/1. 5 guest home, a 3/2 double wide modular home, and two large barns, one with 26 horse stalls and office/living space. Including the dragon fruit business as well, the business annual sale is about one million. Also the owner would like to do 40% down payment and 60% seller financing of the interest 7. 5%.
The (4, 500 sq. ft. ) main house features a commercial sized swimming pool, complete with waterfalls and an island. The pool area is accessible via large sliding pocket doors into the living room, master suite, and second bedroom, as well as a hallway into the laundry area, and has direct access into two of the bathrooms. The pool area is designed for entertaining, and its large deck and built in grilling area brings the overall living space close to the 6500 sq. ft. mark. The master suite is adorned in natural slate and features an oversized walk in shower with a custom waterfall and rain head, as well as an outdoor shower. The master bath area is also equipped with his and hers sink and vanity areas, and a large walk in closet. The kitchen features a large six burner gas range with a griddle on the center island and a built in double electric convection oven. In front of the house is a large fountain water feature circled by the stacked stone lined driveway.
The current cattle operation brings in over 50k/year with very little upkeep. This parcel has great income opportunity whether it remains a cattle operation and or an equine facility.
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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 Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $5,440,000 | $5,440,000 | $5,440,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.250% | 7.000% | 6.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.851% | 7.103% | 7.041% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $37,110 | $36,192 | $48,517 |
Total Monthly Payment | $37,235 | $36,317 | $48,642 |
* 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.