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94 Spring Glen Road, Mountain Dale (Fallsburg), NY, 12763 | $1,999,900
Builders, investors, and those seeking a lifestyle change an extraordinary chance awaits you in the heart of Mountain Dale, New York. Welcome to a sprawling 41-acre property boasting not only vast development potential but also multiple move-in ready cottages, making it an unparalleled investment opportunity. This property comes with multiple charming, move-in ready cottages, each offering a unique blend of comfort and character. Ideal for short-term rentals, extended family stays, or as primary residences, these cottages provide immediate revenue potential or a ready-made living solution. Beyond the cottages, this expansive 41-acre parcel presents endless development possibilities. Whether you envision an expanded cottage community, a luxury residential enclave, or a mixed-use development with commercial components, the canvas is yours to shape. Set against the backdrop of Mountain Dale's stunning landscapes, this property offers more than just development potential it offers a lifestyle. Residents and visitors alike will delight in the serene beauty of rolling hills, tranquil streams, and lush forests that surround the cottages and the entire property. With infrastructure such as road access, utilities, and water sources already in place, the groundwork for development has been laid. This streamlines the development process, reducing both time and costs, and ensures a smoother path to realizing your vision. Take advantage of the growing demand for unique living experiences and vacation getaways in the Hudson Valley region. With its combination of turnkey cottages and expansive development potential, this property presents an exceptional investment opportunity for those with vision and ambition. Whether you're a seasoned developer seeking your next project, an investor looking to diversify your portfolio, or someone dreaming of a lifestyle change, this property offers the perfect blend of opportunity and potential. Don't wait schedule your private tour today and discover the endless possibilities that await in Mountain Dale.
Features
- Town: Mountain Dale
- Bedrooms: 7
- Baths: 4 full / 2 half
- Units: 5
- Style: Cottage, Bungalow
- Year Built: 1950
- Garage: Driveway
- Heating: Propane, Hot Water
- Cooling: Window Unit(s)
- Basement: None
- Approx Sq. Feet: 6,362
- Acreage: 41.7
- Est. Taxes: $6,310
- Lot Desc: Level, Part Wooded, Possible Sub Division
- View: Panoramic
- Water Front: Yes
- Elem. School: Benjamin Cosor Elementary School
- Middle School: Fallsburg Junior-Senior High School
- High School: Fallsburg Junior-Senior High School
- School District: Fallsburg
- Pool: In Ground
- MLS#: H6292555
- Days on Market: 68 days
- Website: https://www.raveis.com
/prop/H6292555/94springglenroad_mountaindale_ny?source=qrflyer
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888.699.8876
Contact@raveis.com
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Sarah AlvarezVP, Mortgage Banker, William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 1880936
347.223.0992
Sarah.Alvarez@Raveis.com
Our Executive Mortgage Banker:
- Is available to meet with you in our office, your home or office, evenings or weekends
- Offers you pre-approval in minutes!
- Provides a guaranteed closing date that meets your needs
- Has access to hundreds of loan programs, all at competitive rates
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860.690.5052
Robert.Reade@raveis.com
Our Insurance Division:
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Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
94 Spring Glen Road, Mountain Dale (Fallsburg), NY, 12763
$1,999,900
Customer Service
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Sarah Alvarez
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 347.223.0992
Sarah.Alvarez@Raveis.com
NMLS Mortgage Loan Originator ID 1880936
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
|---|---|---|---|
| Loan Amount | $1,599,920 | $1,599,920 | $1,599,920 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.000% | 6.750% | 6.500% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 7.377% | 6.851% | 6.664% |
| Monthly Tax Payment | $526 | $526 | $526 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $9,592 | $10,377 | $13,937 |
| Total Monthly Payment | $10,243 | $11,028 | $14,588 |
* 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.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
NY Licensed Mortgage Banker-NYS Banking Department LMBC 106535