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AVALON FARM. A phenomenal, state-of-the-art 23+ acre equestrian boarding facility with 25 stalls in the heart of North Salem. Completely renovated 19th century main barn with 18 rubber mattress stalls, 2 heated wash stalls, multiple tack rooms, office, powder room, laundry, and incredible upper hayloft with barreled ceiling. 4 and 3 stall guest barns with own tack and feed room. One of a kind 100 x 200 indoor riding arena with Lawton Adams TravelRight footing, safety soft impact kick boards, no avalanche pitched roof, ventilation system and 12 automatic garage style glass doors that with a push of a button, can be converted to a covered ring in the summer. Climate-controlled viewing lounge and powder room with full audio speaker system for indoor. 120’ x 200’ outdoor riding arena with Lawton Adams footing. All traffic areas feature Eco Raster ‘no mud’ system. Heated path from main barn to Indoor Ring. Numerous rolling grass turnout paddocks with water and electricity. Medical paddocks. 1 bedroom and 2 bedroom + office staff apartments. Large 4 bay garage for equipment storage. High end renovation of 3 bedroom, 2. 5 bath colonial cottage with covered outdoor spa entertaining area. The property abuts the 58 acre North Salem Open Land Foundation's Gaymark Preserve with direct access to the NSBTA Trail system. The property is also a biodynamic farm and currently produces an incredible array of organic fruits, vegetables, milk, and eggs. Generator with 5000 gallon underground propane tank supports farm buildings. This facility features all of the amenities the accomplished professional could desire while being located less than 3 miles from International Show jumping venue Old Salem Farm and other top shows. Close proximity to NYC, airports, highways and excellent restaurants. Located in an Agricultural District. Delightful farm to suit all members of your family. Agricultural Exemption Savings of $47, 317. 21. Total taxes are $25, 224. 31
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Our Executive Mortgage Banker:
Our Insurance Division:
$6,500,000
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 Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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|---|---|---|---|
| Loan Amount | $5,200,000 | $5,200,000 | $5,200,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.125% | 6.000% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.246% | 6.110% | 5.952% |
| Monthly Tax Payment | $6,088 | $6,088 | $6,088 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $28,313 | $31,177 | $43,181 |
| Total Monthly Payment | $34,526 | $37,390 | $49,394 |
* 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.