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Presented by
Claudia Chapman |
Midway Drive, Riverhead, NY, 11901 | $3,249,000
A fully entitled, shovel-ready 10-lot residential subdivision on 12. 87 acres in RA-40 zoning. One of the most build-ready parcels on the North Fork. Final subdivision approval is in hand, all municipal contributions have been satisfied, and the excavator permit is issued. Lots range from 34, 374 to 62, 981 sq. ft. with no wetlands, easements, or flood-zone encumbrances. Full design flexibility for the incoming builder. Road plans are approved; the owner will cut in the road, with the purchaser completing surfacing, drainage, and final utility runs. Positioned minutes from Cherry Creek Golf Links, Long Island National, and Indian Island, with Tanger Outlets, leading North Fork wineries, and Peconic River waterfront access all within a short drive. 10 minutes to the LIE, 20 minutes to the Shinnecock Canal and Westhampton Beach. A de-risked, time-to-revenue development asset. Entitlement work is done, permits are current, and the next owner can move dirt on day one. 10 fully approved lots 12. 87 acres total, RA-40 zoning Lot sizes: 34, 374 – 62, 981 sq. ft. Final subdivision approval ? Municipal contributions satisfied ? Excavator permit issued ?
Features
- Elem. School: Aquebogue Elementary School
- Middle School: Riverhead Middle School
- High School: Riverhead Senior High School
- School District: Riverhead
- MLS#: 985671
- Days on Market: 1 day
- Website: https://www.raveis.com
/prop/985671/midwaydrive_riverhead_ny?source=qrflyer
William Raveis Family of Services
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.
Claudia ChapmanSales Associate
814.434.3665
Claudia.Chapman@Raveis.com
Our family of companies offer our clients a new level of full-service real estate. We shall:
- Market your home to realize a quick sale at the best possible price
- Place up to 20+ photos of your home on our website, raveis.com
- Provide frequent communication and tracking reports showing the Internet views your home received on raveis.com
- Showcase your home on raveis.com with a larger and more prominent format
- Give you the full resources and strength of William Raveis Real Estate, Mortgage & Insurance and our cutting-edge technology
To learn more about our credentials, visit raveis.com today.
Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 16953
917.838.7300
Melissa.Cohn@raveis.com
Our Executive Mortgage Banker:
- Is available to meet with you in our office, your home or office, evenings or weekends
- Offers you pre-approval in minutes!
- Provides a guaranteed closing date that meets your needs
- Has access to hundreds of loan programs, all at competitive rates
- Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction
Joseph HartleyInsurance Sales Director, William Raveis Insurance
954.729.6530
Joseph.Hartley@raveis.com
Our Insurance Division:
- Will Provide a home insurance quote within 24 hours
- Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
- Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
Midway Drive, Riverhead, NY, 11901
$3,249,000
Claudia Chapman
Sales Associate
William Raveis Real Estate
Phone: 814.434.3665
Claudia.Chapman@Raveis.com
Melissa Cohn
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
|
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
|---|---|---|---|
| Loan Amount | $2,599,200 | $2,599,200 | $2,599,200 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.125% | 5.875% | 5.625% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.021% | 5.984% | 5.689% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $14,152 | $15,375 | $21,410 |
| Total Monthly Payment | $14,277 | $15,500 | $21,535 |
* 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.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
NY Licensed Mortgage Banker-NYS Banking Department LMBC 106535