9 Fava Lane, Pine Island, NY, 10969 | $749,000

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.

Features

  • Rooms: 7
  • Bedrooms: 3
  • Baths: 2 full
  • Style: Other
  • Year Built: 1915
  • Garage: 3-car
  • Heating: Hot Air, Other
  • Cooling: Wall/Window Unit(s)
  • Basement: See Remarks
  • Approx Sq. Feet: 1,680
  • Acreage: 11.1
  • Est. Taxes: $9,499
  • Elem. School: Sanfordville Elementary School
  • Middle School: Warwick Valley Middle School
  • High School: Warwick Valley High School
  • School District: Warwick Valley
  • Appliances: Other
  • MLS#: 897471
  • Days on Market: 79 days
  • Website: https://www.raveis.com
    /prop/897471/9favalane_pineisland_ny?source=qrflyer
Listing information has been assembled from various sources of varying degrees of reliability. Any information critical to the buying decision should be independently verified.Listing courtesy of Century 21 Elite Realty   Phone: 845-735-0200

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Sarah DeFlorioVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 1880936

347.223.0992

Sarah.DeFlorio@Raveis.com

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9 Fava Lane, Pine Island, NY, 10969

$749,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Sarah DeFlorio

VP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 347.223.0992

Sarah.DeFlorio@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 $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.