Presented byThe Geena Becker Team |
Introducing the Last Large Parcel on Town Hill Road: 25. 84 Acres of Opportunity! Discover the hidden gem of Town Hill Road, the final large parcel of its kind, presenting an exquisite approved building lot. Perfectly suited for those seeking an estate or the charm of a gentlemen's farm living, this property offers endless possibilities to turn your dreams into reality. Embrace the freedom to create your haven - whether it be a collection of barns, a quaint winery, a livestock sanctuary, a vibrant nursery, or anything you desire. The potential is boundless. The captivating views of Deitz Pond add a touch of tranquility, providing an enchanting backdrop to your future home or venture. And that's not all - the property boasts approximately 700 feet of Eastern boundary, with ownership of several hundred feet on both sides of East Mt. Brook, creating a stunning park-like setting. As of now, this property is designated under Public Act 490. There is a 2-acre building lot approved and the remaining acreage is deemed open space in this Act. Once it closes the buyer can put it back to a 490 if desired. Buyer will then have the option to go for approval for subdivision. Note: Seller was told when he bought the lot from prior owner that it was approved and he found out differently. Seller now did get the lot fully approved. It has been entirely surveyed which includes three different test sites, with the results on record with FVHD (Fountain Valley Health District). Moreover, ten deep holes have been tested, revealing the presence of glacial sand across the east-to-west areas of the property, offering a multitude of possibilities for your endeavors. Become a part of the captivating activities that the surrounding areas offer. Delight in fishing on the renowned Farmington River, where the serenity of the water invites you to unwind. For winter enthusiasts, Ski Sundown is just minutes away, providing a playground for those seeking exhilarating adventures on the slopes. Meanwhile, Brodie Park at West Hill Lake offers a peaceful escape, while Litchfield Vineyard beckons with the allure of their finest wines and breathtaking views.
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Luxury Properties Specialist
William Raveis Real Estate
Phone: 860.983.4446
Geena.Becker@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 860.463.1745
Russell.Baboff@raveis.com
NMLS Mortgage Loan Originator ID 1014636
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $199,200 | $199,200 | $199,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.477% | 7.159% | 6.296% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,325 | $1,324 | $1,680 |
Total Monthly Payment | $1,400 | $1,399 | $1,755 |
* 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.