ONE, TWO, THREE, FOUR homes or MORE. . . Welcome to this incredible real estate opportunity! Nestled on 40+ acres of pristine land, this property offers limitless possibilities. Zoned for 66 units with the potential of 88. Previously a hotel site and boasts essential amenities such as electric, cable, & municipal water. Additionally, a drilled well ensures water access. With two expansive, level building sites, this property is ideal for developing 10-15 condos, providing ample space and stunning views of the surrounding mountains and rock outcroppings. Notably, the land remains untouched by logging, preserving its natural beauty and potential for various recreational or development purposes. All of this right in the Village of Phoenicia, restaurants, shops, brewery and the conveniences you desire. Belleayre, Hunter and Windham Ski Resorts within 15-30 minutes. Hiking, fishing, skiing, festivals or a day at the spa. Catskill Mountain life, your way. Spectacular piece of real estate!
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Our Executive Mortgage Banker:
Our Insurance Division:
$475,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $380,000 | $380,000 | $380,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.250% | 7.125% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.945% | 7.282% | 6.538% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,592 | $2,560 | $3,258 |
Total Monthly Payment | $2,667 | $2,635 | $3,333 |
* 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.