Tbd Hambletonian Avenue, Chester
Nearly 50 acres with high-density development potential in the town of Chester, which also borders the Village of Chester and just minutes from the new Lego Land theme park. Lego Land opened in July and is providing thousands of new jobs with more to come to residents of Orange County and beyond. The Park is the largest of it’s kind in the world and occupies 150 acres of the 500-acre site. The property is zoned SR2 residential, which is eligible for badly needed market rate senior housing under the Town of Chester’s Planned Adult Community overlay district (PAC). (See zoning info in associated docs). Both the current and former owners of the property have had conceptual plans for this type of development. The property has access off of State Route 94 at the Green Acres apartment complex and Herbert Drive and is adjacent to the Heritage Rail Trail, which offers direct access into the Village of Chester, making it uniquely suited for senior housing. Conceptual plans, Phase 1 Environmental and most the recent development narrative for market rate senior housing is available upon request. See virtual tour link for drone footage of property.
This mortgage calculator can be used to figure out monthly payments of a home mortgage loan, based on the home's sale price, the term of the loan desired, buyer's down payment percentage, and the loan's interest rate. This calculator factors in PMI (Private Mortgage Insurance) for loans where less than 20% is put as a down payment. Also taken into consideration are the town property taxes, and their effect on the total monthly mortgage payment.