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Priced below cost!! Owner financing available! Newly built, architecturally impressive, 5-acre equestrian farm is ready to fulfill your equestrian dreams. A planned covered riding arena of 120 ft x 250 ft is prepped and ready in less than 90 days at an estimated cost of $650, 000. All the foundation concrete work and permits have been completed. This peaceful equestrian estate details include an all-custom 14-stall barn with 8 oversized walk-out paddocks, adjacent manure bin and 2 bay garage, fabulous 1558 sq ft caretaker house, impressive 3 bay garage with 755 sq ft second story finished studio, 120 x 250 sq ft Ebb and Flow all-weather fully fenced riding ring and separate lunging ring. The 14-stall barn includes a comfortable lounge and adjoining office with 2 tack rooms, laundry, and feed room plus an oversized hay-and-shavings room. The luxury barn features include Comfort Mats with a stall drainage system, Equi-faucets, brushed aluminum one-of-a-kind stall fronts, and Dutch doors with no maintenance. Pollywood. All 3 wash stalls, 2 grooming stalls, and 3 drying areas include rubber pavers and custom interlocking mats for your horse's safety. The fabulous brand-new Caretaker house details are 12 ft ceilings and exotic quartzite in custom kitchen overlooking an expansive porch, with a view of the riding ring. More potential with this amazing property is a 3482 sq ft original house that has been prepped with a Wellington-approved plan of a 5, 553 sq ft professionally designed 3-car garage addition and remodel. The house is ready to start customizing all your luxurious ideas and features. Two separate gated entrances allow easy access for horse trailers and provide driveway access. Ideally located within hacking distance to the showgrounds and Wellington lifestyle. The hard work and below-cost construction have already been done with this wonderfully manicured and lushly landscaped farm. Your dreams are only steps away from being realized.
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Phone: 888.699.8876
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RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
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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 | $5,040,000 | $5,040,000 | $5,040,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.875% | 6.125% | 6.000% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.277% | 6.223% | 6.183% |
| Monthly Tax Payment | $1,874 | $1,874 | $1,874 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $29,814 | $30,624 | $42,530 |
| Total Monthly Payment | $31,813 | $32,623 | $44,529 |
* 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.