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Welcome to 9 Fava Lane, a rare and versatile offering in the heart of the Pine Island farming community. Situated on 11. 1 acres of prized black dirt farmland in Orange County’s renowned Black Dirt Region, this property is celebrated for its exceptional soil quality and ideal growing conditions—perfect for agriculture, farm-to-market ventures, or simply enjoying expansive land. The well-maintained single-family home features 3 bedrooms and a full walk-up loft ideal for additional living space, a home office, or a family room. The basement is outfitted with a brand-new water softener system with UV light, a reverse osmosis system in the kitchen, a one-year-old hot water heater and well pump, and a private canning/storage room. Recent upgrades include new siding, a new roof, and several new windows, all completed in 2025, along with a new deck off the main home. Additional structures include a detached 3-car garage with electric and a mobile home that has served as a rental since placement—no rental approval needed. The mobile home also features two new decks and a new hot water heater. For those interested in agricultural or homesteading uses, the property includes three greenhouses, a walk-in cooler in the washhouse, an artesian well, and multiple hydrostatic wells throughout. Conveniently located near farm stands, daily amenities, and major routes, this peaceful and productive property is also situated in an area known for birdwatching and stargazing. 9 Fava Lane is a unique opportunity to own fertile farmland with residential comfort, income potential, and a lifestyle connected to nature.
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Our family of companies offer our clients a new level of full-service real estate. We shall:
To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
Our Insurance Division:
$749,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 347.223.0992
Sarah.DeFlorio@Raveis.com
NMLS Mortgage Loan Originator ID 1880936
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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 | $599,200 | $599,200 | $599,200 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.750% | 6.125% | 5.375% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.521% | 6.304% | 5.648% |
| Monthly Tax Payment | $792 | $792 | $792 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $3,497 | $3,641 | $4,856 |
| Total Monthly Payment | $4,381 | $4,525 | $5,740 |
* 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.