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Rare opportunity to own two side-by-side residences on a beautifully landscaped 0. 45-acre property in the highly sought-after Chappaqua School District. 52 Orchard Ridge features a renovated 3-bedroom, 1. 5-bath home with hardwood floors, stainless steel appliances, updated cabinetry and countertops, and in-unit laundry. This residence will be delivered vacant at closing, offering immediate occupancy for an owner-user. 54 Orchard Ridge offers 4 bedrooms, 1 bath, in-unit laundry, ample basement storage, and is currently leased, providing immediate rental income. The property also features attractive landscaping, a large driveway, generous outdoor space, and an approximately 800-square-foot accessory cottage attached to the main residence, offering flexibility for a home office, studio, recreation space, or other permitted uses. Ideally located within walking distance to downtown Chappaqua, shops, restaurants, parks, and everyday amenities, this property combines convenience, charm, and exceptional lifestyle appeal. Whether you're seeking a multigenerational living arrangement, an investment opportunity, or the ability to live in one residence while generating rental income from the other, this unique property offers versatility, strong income potential, and long-term value in one of Westchester County's most desirable communities and top-rated school districts.
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,595,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 302.293.7433
Brian.Shahwan@raveis.com
NMLS Mortgage Loan Originator ID 2166562
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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 | $1,276,000 | $1,276,000 | $1,276,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.500% | 6.000% | 6.000% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.165% | 6.121% | 6.183% |
| Monthly Tax Payment | $2,186 | $2,186 | $2,186 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $7,245 | $7,650 | $10,768 |
| Total Monthly Payment | $9,556 | $9,961 | $13,079 |
* 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.