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An exceptional 88-acre farmstead nestled in the scenic countryside of Orange County and located within the desirable Minisink Valley School District in need of some TLC. This expansive property offers a rare opportunity to restore and reimagine a historic working farm, complete with a charming three-bedroom, two-bathroom farmhouse originally built in 1850. While the residence is in need of significant renovation, it retains its classic country character and is ideal for those with a vision for homesteading, investment, or a private retreat. The land is zoned AR (Agricultural-Residential) and sits within an Agricultural District, making it perfect for a variety of uses including livestock, equestrian facilities, or farm-to-table operations. The property includes numerous original structures, such as multiple dairy barns, silos, machine sheds, a milk house, and a large solar panel system installed in 2017, which adds sustainable value to the land. The existing infrastructure offers ample space for agricultural storage or redevelopment potential. Utilities include a private well, septic system, and oil-fired hot water/steam heat, with electric already on-site. The grounds feature open pastures, wooded buffers, and sweeping views of the surrounding rural landscape. Located just minutes from the quaint villages of Westtown and Pine Island, residents can enjoy local farm markets, cafes, and charming small-town amenities. The property is also conveniently situated approximately 15 minutes from Route 17 and I-84, providing easy access to Middletown, Warwick, and other nearby towns. For commuters, this property is just 75 miles from New York City, making it a viable option for a weekend retreat or full-time residence with space to grow. Regional attractions such as Legoland, wineries, hiking trails, and golf courses are all within a short drive, offering a balance of rural tranquility and modern convenience. This is a truly unique offering for buyers looking for space, history, and flexibility. With a 2024 Town Assessment full market value of $919, 400 and current annual taxes under $10, 000, this legacy property presents a tremendous opportunity to create something extraordinary in the heart of the Hudson Valley.
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Our Executive Mortgage Banker:
$799,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Senior Vice President - Coaching & Strategic
William Raveis Mortgage, LLC
Phone: 203.980.8025
Frank.Kolb@raveis.com
NMLS Mortgage Loan Originator ID 81725
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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 | $639,200 | $639,200 | $639,200 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.625% | 6.625% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.133% | 6.739% | 5.952% |
| Monthly Tax Payment | $1,405 | $1,405 | $1,405 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $3,680 | $4,093 | $5,308 |
| Total Monthly Payment | $5,176 | $5,589 | $6,804 |
* 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.