Incredible opportunity awaits on this expansive 1. 5-acre property nestled in Ski County, just a stone's throw away from the enchanting Catskill Mountains. This residence offers a multitude of possibilities, serving as an ideal investment for a weekend retreat, a winter or summer getaway, a lucrative Air B & B venture for passive income, or a rental for those seeking a residence in a remarkable location where skiing and ice skating are cherished pastimes. Prospective buyers will recognize the rarity of finding homes in this area at such a competitive price point, allowing for immediate occupancy. Noteworthy features include a newer tin roof, facilitating easy snow removal, and upgraded windows contributing to enhanced energy efficiency for optimal warmth. We eagerly anticipate your visit to this property, which has the potential to become even more valuable for the buyer as they leverage their resources to transform it into an extraordinary income-producing asset or a cherished home. AO/3/10
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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 | $135,920 | $135,920 | $135,920 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.250% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.945% | 7.133% | 6.256% |
Monthly Tax Payment | $418 | $418 | $418 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $927 | $903 | $1,146 |
Total Monthly Payment | $1,420 | $1,396 | $1,639 |
* 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.