Whether you are looking to build a few homes or one with some land to roam, this 27. 4-acre parcel beside the NYS thruway could be for you. Local code says 3 acres are required to build and there looks to be 3 or 4 potential sites. With over 2700 feet of road frontage (1000' feet on Forest Hills Ave and the rest on Leeds-Athens Rd) there are plenty of opportunities to enter the property. There is one site that has been cleared and leveled on the Leeds-Athens Rd. section and had a passing perc test performed in 2023. There was also a trailer on another part of the parcel years ago, so there could be a well and septic there. Exact location and condition are unknown. Other flat areas exist on the Forest Hills Ave side. Thereis an opportunity for billboards that can face the northbound lane on the NYS Thruway. Check with the Thruway Authority for specifics.
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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 | $68,800 | $68,800 | $68,800 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.375% | 6.875% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.007% | 7.050% | 6.152% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $429 | $452 | $576 |
Total Monthly Payment | $504 | $527 | $651 |
* 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.