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SELLER FINANCING! . . Fantastic opportunity to FINALLY OWN this pristine 200+ ACRE WARWICK FARM! Views, creek frontage, Cornell University certified farm land PLUS 4-INCOME PRODUCING DWELLINGS with potential for OVER $173, 000/YEAR IN RENTAL INCOME! . . . Bring your vision and tap into Warwick's fast growing AGRITOURISM MARKET, FARM ORGANIC/SUSTAINABLE WITH ARTESIAN SPRING-FED WELL, BRING YOUR HORSES FOR A DREAM EQUESTRIAN PROPERTY, set up HOMESTEADING and SO MUCH MORE. . . BRING YOUR VISION! . . . Property is under PDR status with development rights sold, however, two additional homes can be built - 1 on 8. 61 acres and a second on 2. 64 acres! SALE INCLUDES FULL 200. 8 ACRE PROPERTY PLUS: 1. REBUILT BARN/HOME 4, 438 sq ft. dwelling with ensuite 5 bedrooms, a beautiful gourmet kitchen with high end appliances/finishes; and unfinished flex-space below with 2 garage entrances . . . . 2. Large updated 3, 472 sq. ft FARMHOUSE with 6 bedrooms and 3+ full baths, updated large kitchen and fireplace . . . . 3. Semi-Attached LEGAL ACCESSORY APARTMENT with 2 bedrooms, 1 bath (rented) . . . . 4. 966 sq. ft FARMHOUSE COTTAGE with 2 bdrms and 1 bath with shed (rented). Absolutely beaucolic, open flat farm fields and rolling hills with partially wooded areas that run along the peaceful Pochuck Creek (Wallkill River Tributary). STATED TAXES DO NOT REFLECT AG EXEMPTION IN PLACE. . . . . All of this plus SELLER WILL HOLD THE NOTE for a QUALIFIED BUYER! . . . . APPOINTMENT REQUIRED . . . PROPERTY IS OCCUPIED.
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To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
Our Insurance Division:
$3,500,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 347.223.0992
Sarah.DeFlorio@Raveis.com
NMLS Mortgage Loan Originator ID 1880936
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $2,800,000 | $2,800,000 | $2,800,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.375% | 6.375% | 6.000% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.565% | 6.475% | 6.183% |
Monthly Tax Payment | $2,691 | $2,691 | $2,691 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $15,679 | $17,468 | $23,628 |
Total Monthly Payment | $18,495 | $20,284 | $26,444 |
* 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.