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Tucked along Traverse Road in the Lake Peekskill community, Lot 20 offers a rare opportunity to own vacant land with lake rights in one of northern Westchester’s most established lake neighborhoods. The parcel measures approximately . 20 acres and features about 62 feet of road frontage, providing direct access and a clear physical presence along the street. The property is located within the LP (Lake Peekskill) zoning district, where a minimum of 2 acres is required to build without a variance. As such, this lot has no existing approvals and would require zoning relief for residential development. It is being offered as a project for a buyer who understands the realities of land, due diligence, and the local approval process. What makes this parcel compelling is not just the land itself, but the lake rights to Lake Peekskill—a highly desirable amenity that adds lifestyle and long-term value. Residents enjoy access to swimming, boating, and the sense of community that lake living provides, something that cannot be recreated or expanded over time. Lake rights in this area are finite, and vacant parcels that include them are increasingly difficult to find. Surrounded by established homes and mature surroundings, the setting reflects the character and charm that has made Lake Peekskill a sought-after destination for both full-time residents and weekend homeowners. The location offers a balance of quiet living with convenient access to major roadways, nearby towns, and Metro-North. This is not a turnkey building lot, but rather an opportunity rooted in vision and potential. For a buyer willing to engage with the zoning process, explore design options, and invest in thoughtful planning, Lot 20 Traverse Road represents a chance to secure land with lake access in a community where opportunities like this are becoming increasingly scarce.
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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 | $9,600 | $9,600 | $9,600 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.625% | 6.125% | 5.375% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.258% | 6.304% | 5.628% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $55 | $58 | $78 |
| Total Monthly Payment | $130 | $133 | $153 |
* 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.