41+/- acres on the corner of Mansfield City Road and Pleasant Valley Road, and abutting Eastern Connecticut State University Athletic fields. Nearby retail, downtown Willimantic and just 10 minutes to the University of Connecticut. Conceptual plan for 231 units in 11 buildings with conservation easement and open space for passive recreation. Public Water and Sewer available, nearby bus stop for WRTD. High demand for student housing in the market! Enrollment Undergrad Graduate ECSU 5,832 4,300 1,000 UCONN 32,182 19,241 7,098 On March 8, 2023 the Town of Mansfield enacted a moratorium on development in the PVRA and DMR zones, the moratorium expires December 8, 2023
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Listing courtesy of David Mieczynski, National Realty Advisors LLC Email: david@nradvisors.net
2 Mansfield City Road, #2, Mansfield, (Mansfield Center), CT, 06250
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) 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.
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