Charming Wooded Lot with Cleared Building Site and utilities on New Forge Road - A Nature Lover's RetreatNestled on a serene 3. 1-acre wooded lot along a quiet country road nearby the 612-acre New Forge State Forest, this enchanting property offers an ideal balance of privacy and convenience. With some utilities already in place, a sunny south-facing and cleared 3/4 acre building site with roughed-in driveway greets you off the road. The ridge line of the flat site then gently slopes down to an active stream that is surrounded by two forested acres, creating a private park-like setting and tranquil retreat for nature enthusiasts. A mild sloping path from the building site down to the stream bed invites you to escape into your own private oasis. Create trails along the stream, up the slopes, and explore the historic stacked stone walls bordering the property's edge. From atop a 100-foot ridgeline of the building site, enjoy the views and sounds of the cascading stream below and the forest lush with mature pines, maple, and hemlock trees. The surrounding land guarantees total privacy, with no potential for future development within sight, ensuring your peaceful escape remains undisturbed. The property is already prepared for development, equipped with a roughed-in driveway and electrical service. There is a septic (has not been tested) and a well that requires some additional drilling to increase water flow (has been tested). The land has recently been surveyed, including a topographic survey of the building site, and a wetlands expert has flagged the bounds of the stream. Just bring your ideas and get to work. The cleared house site from a previous dwelling makes this the perfect setting for constructing a smaller footprint, low-maintenance home, weekend escape, or private campsite where you can embrace the beauty and simplicity of country and forest living without compromise. Conveniently located just 5 minutes from the Taconic Parkway, 2 hours from NYC, 3 minutes from Lake Taghkanic State Park, and only 20 minutes to the vibrant towns of Hudson and Millerton, this property offers easy access to nearby amenities while providing a peaceful and private sanctuary. Don't miss this rare opportunity to build your dream home in a stunning natural setting!
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Sarah.Alvarez@Raveis.com
NMLS Mortgage Loan Originator ID 1880936
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $79,600 | $79,600 | $79,600 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.375% | 6.875% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.760% | 7.042% | 6.160% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $550 | $523 | $666 |
Total Monthly Payment | $625 | $598 | $741 |
* 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.