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PRICE REDUCTION! Rare multi-generational or income-producing property on 5. 7 acres, all on one tax parcel. This unique estate features a brand-new primary residence, a renovated 1940s farmhouse rental, equestrian and farm facilities, and extensive land improvements. The primary home at 371 Rhode Dr is a new 3BR/2BA manufactured home with an open floor plan, abundant natural light, and a manufacturer's 2-10 warranty. The spacious primary suite offers a walk-in closet and an ensuite bath with double vanities, a standalone shower, and a freestanding soaking tub. The large kitchen includes new Whirlpool appliances, an oversized island with zero-radius stainless sink, ample cabinet and counter space, and a separate pantry. Open living, dining, and family rooms flow seamlessly and include an electric fireplace adding warmth and character. A centrally located laundry room accessible by both primary and kitchen adds convenience. Two guest bedrooms share a second full bath. An elevated, all-wood porch spans the length of one side of the home. A beautifully updated 2BR/1BA 1940s farmhouse, addressed 367 Rhode Dr, is currently used as an income-producing rental with lease already in place through September 2026. Highlights include refinished original hardwood floors, original beadboard walls, new windows, new plumbing and electrical, new insulation and siding, freshly painted porches, and a durable metal roof. The property includes a new deep well servicing all structures, new septic systems, cleared and fenced pasture, underground electrical to approximately 50% of the property, a pond, and agricultural infrastructure. Equestrian amenities include a new 5-stall horse barn with feed room and covered lean-to, fully equipped with water and electricity, along with a fenced horse pasture. Additional features include two fenced pig pens and a chicken coop. A rare opportunity offering flexibility, income potential, and improved acreage--ideal for investors, multi-generational living, or homesteading.
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Our family of companies offer our clients a new level of full-service real estate. We shall:
To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
$559,900
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
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|---|---|---|---|
| Loan Amount | $447,920 | $447,920 | $447,920 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.875% | 6.250% | 5.490% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.313% | 6.398% | 5.710% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $2,650 | $2,758 | $3,658 |
| Total Monthly Payment | $2,742 | $2,850 | $3,750 |
* 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.