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Nestled in the heart of Mohegan Lake, this 1. 62-acre parcel offers a rare opportunity to build your dream home with approved building plans already in place. The land is fully equipped with utilities, including water, electricity, and gas connections, making it a turnkey option for those looking to create a custom home in a sought-after location. Key Features: - Approved building plans for a custom home - Utilities already set up (water, electricity, gas) - Convenient location with quick access to major highways - Quiet and private setting, ideal for residential living Located in the desirable Westchester County town of Mohegan Lake, this property offers an ideal blend of serenity and convenience. Situated just moments from Bear Mountain Parkway and the Taconic State Parkway, commuting to nearby cities and towns is a breeze. The proximity to these major roadways ensures easy access to the greater Westchester area, as well as quick connections to NYC and the surrounding suburbs. Area Highlights: Shopping & Dining: The nearby Cortlandt Town Center is a major retail hub featuring Walmart, The Home Depot, Best Buy, Barnes & Noble, and several dining options including Applebee’s, Panera Bread, and Five Guys. Additionally, local markets and eateries are available in Mohegan Lake’s charming downtown. Education: The property falls within the Lakeland Central School District, which includes George Washington Elementary School, Lakeland-Copper Beech Middle School, and Lakeland High School. Private schools, such as St. Elizabeth Ann Seton School in Shrub Oak, are also within reach. Parks & Recreation: Enjoy outdoor activities at nearby FDR State Park, which offers hiking trails, picnic areas, and a pool. The land’s location near Junior Lake & Pool and Downing Park ensures ample opportunities for family-friendly fun and relaxation. Community & Lifestyle: Mohegan Lake is known for its welcoming, family-friendly environment with a strong sense of community. Whether you're looking for a peaceful place to call home or a strategic location close to all amenities, this area offers the perfect blend of comfort and convenience. Transportation: Bear Mountain Parkway: The property offers quick access to Bear Mountain Parkway, providing connections to major roadways in the area. Taconic State Parkway: A short drive away, the Taconic State Parkway offers an easy route to other parts of Westchester County and beyond, ideal for commuters. This land is ready for you to begin construction on your dream home. Whether you're looking to create a private retreat or a spacious family home, the possibilities are endless here.
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Our Executive Mortgage Banker:
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$249,000
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 |
|
|---|---|---|---|
| Loan Amount | $199,200 | $199,200 | $199,200 |
| 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 | N/A | N/A | N/A |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $1,162 | $1,210 | $1,614 |
| Total Monthly Payment | $1,237 | $1,285 | $1,689 |
* 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.