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Nearly 40 contiguous acres in the Town of New Paltz, a scale that has become increasingly difficult to assemble. Zoned at 1. 5 acres per residence, the property offers the ability to create a meaningful residential subdivision in a market where new buildable lots are limited and demand for housing remains strong. The acreage allows for flexibility in lot configuration, internal road layout, and preserved open space, supporting the potential for approximately 15-17 single-family building parcels depending on final design. Underground utilities have already been extended into the property for the initial future lots, giving builders a measurable advantage by reducing early infrastructure expense and timeline. The land is wooded, private, and buffered, yet it is well positioned near established recreational and community amenities including the Ulster County Fairgrounds and the Town of New Paltz ''Field of Dreams'' athletic fields. Proximity to the village commercial Main Street and the State University of New York continues to support steady buyer demand in this upstate corridor. Access to the River to Ridge Trail and the Mohonk Preserve, along with regional connections via the Empire State Trail, reinforces New Paltz's long-standing appeal to day tripping outdoor enthusiasts, full-time residents and second-home buyers. Large, contiguous tracts with favorable zoning and infrastructure in place are no longer common here.
Information is deemed reliable but is not guaranteed accurate by the MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Source: Hudson Valley Catskills Region
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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 | $1,196,000 | $1,196,000 | $1,196,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.250% | 6.000% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.069% | 6.110% | 5.932% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $6,604 | $7,171 | $9,932 |
| Total Monthly Payment | $6,729 | $7,296 | $10,057 |
* 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.