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Incredible Multi-Lot Opportunity Between Rhinebeck and Red Hook! Come explore this unique property offering three separate lots included in the price! Lot 1 (3. 899 acres): Features a 2005-built duplex with two vacant 1-bedroom apartments, each with a garage underneath. The units can be rented as-is for immediate income, or you can take advantage of the flexible layout—utilize the garages, expand into the attic, and transform the structure into two spacious townhome-style residences. Lot 2 (4. 11 acres): Board of Health approved (BOHA) and privately situated at the back of the property atop a scenic hill—an ideal site for a new build with privacy and views. Lot 3 (3. 046 acres): Also Board of Health approved (BOHA), offering additional road frontage on Round Lake Road and even more development potential. Perfectly positioned between Rhinebeck and Red Hook, this property is just 12 minutes to Rhinebeck Village, 11 minutes to the heart of Red Hook, and only 15 minutes from the Rhinecliff Train Station—ideal for commuters or investors seeking prime Hudson Valley real estate. Whether you’re an investor, builder, or homeowner looking for space and opportunity, this property offers incredible versatility and value in a highly desirable location.
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Our Executive Mortgage Banker:
$1,250,000
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 Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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|---|---|---|---|
| Loan Amount | $1,000,000 | $1,000,000 | $1,000,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.375% | 6.125% | 5.875% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.117% | 6.235% | 6.058% |
| Monthly Tax Payment | $463 | $463 | $463 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $5,600 | $6,076 | $8,371 |
| Total Monthly Payment | $6,188 | $6,664 | $8,959 |
* 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.