"Shovel-ready" project with all Town approvals in place for 4 townhouse style condos. Ready to pull permits for demo of existing building andstart construction. Buyer has completed all engineering and plans: site plan, septic design, and architectural plans in-hand. Plans contemplate30x60 footprint with 2-car garages and 2 levels for each unit. Site plan has been completed and approved by Town with landscaping design and 3-bedroom septic designs approved for each unit. Existing structure to be removed by buyer to allow for the new 4-unit condos. Seller has quotefrom a demo company. Layout of architectural drawings can be modified. Seller has obtained environmental report necessary for demo permit.Seller has the extermination letter, National Grid and Eversource letter of service termination. Seller also has quote from an attorney to prepare condo documentation for HOA, covenants and restrictions, etc.
233 West Main, Norton, MA, 02776
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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