Welcome to Forestburg's Historic Gilman Pond Depot, a truly unique property nestled off Cold Spring Rd on 3 adjoining lots. This historic gem offers a wealth of possibilities, particularly for investors, developers and those with a green thumb and a passion for agriculture. Situated on 3 lots, this property is well-suited for agricultural use, making it the perfect canvas for a small farm or vegetable business. Whether you aspire to cultivate a thriving garden or embark on an agricultural venture, this property offers the space and potential to bring your dreams to life. With its proximity to the Neversink Gorge and Lost Lake, this location is a nature lover's paradise, offering boundless opportunities for outdoor recreation and exploration. The tranquil surroundings provide an ideal backdrop for those seeking a peaceful and harmonious lifestyle. Forestburg's Historic Gilman Pond Depot is a rare find, steeped in history with fishery transport to the area. Immerse yourself in the pristine wilderness of the Neversink Gorge with a deeded right of way with full price. This is an opportunity not to be missed to explore the endless possibilities that this property has to offer.
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Our Executive Mortgage Banker:
Our Insurance Division:
$688,000
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 | $550,400 | $550,400 | $550,400 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.250% | 6.990% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.945% | 7.171% | 6.538% |
Monthly Tax Payment | $152 | $152 | $152 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,755 | $3,658 | $4,719 |
Total Monthly Payment | $3,999 | $3,902 | $4,963 |
* 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.