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Rare opportunity to build your dream home on a quiet cul-de-sac in a premier area of $3M + estates in Armonk. Bring your architect/builder to create your vision. Site had BOH approval in the 90's for a 5 bedrooms septic. Photo #2 (posted 1/23/26) is conceptual plan from an engineer based on recent soil testing and site limitations which suggest a five (5) bedroom septic. The next step is to submit an application to the Westchester County Health Department for Site Evaluation to come out and witness the soil testing of the same test holes that we dug during preliminary testing. Please note that this plan offers a 5000 sq ft home with its own driveway off the cul-de-sac, a 5-bedroom septic, a walkout basement and nice yard. Neighboring $3-$4M residences have drilled wells and oil tanks above ground. Just minutes from the vibrant town of Armonk and offering an effortless commute to New York City from North White Plains Metro North. Walking of the property and any appointments require listing agent confirmation.
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Our Executive Mortgage Banker:
Our Insurance Division:
$725,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 914.494.1459
Vincent.DiMella@raveis.com
NMLS Mortgage Loan Originator ID 24240
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
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|---|---|---|---|
| Loan Amount | $580,000 | $580,000 | $580,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.750% | 6.250% | 5.375% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.307% | 6.419% | 5.668% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $3,385 | $3,571 | $4,701 |
| Total Monthly Payment | $3,477 | $3,663 | $4,793 |
* 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.