A great commercial property with extremely high traffic count as you go both through the Alton Circle or onto New Durham Road. This is the connector for Route 11 and Route 28, bringing you into our Lakes Region from the Seacoast, as well as Concord and points south. You start with 400~ feet of frontage on Route 11 and another roughly 600~ feet on New Durham Road, giving you a total of 3+/- acres to build on. This can either be residential or commercially developed. Located across from both McDonald's and a large Hannaford's grocery mall, plus a busy medical facility across the street from this land. The property is zoned Rural Residential which allows select residential, institutional, retail or service industry business options. This property is in a great location, so close to Lake Winnipesaukee and Alton Bay, plus you are just down the road from Merrymeeting Lake. This is the area that attracts all the "BUYERS" from the south, looking to come north, as well as the tourism that drives everyone to the area, year-round. What could you do with an opportunity like this? Schedule a showing today and let us explore the possibilities with you.
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $280,000 | $280,000 | $280,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.250% | 7.125% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.932% | 7.282% | 6.498% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,910 | $1,886 | $2,401 |
Total Monthly Payment | $1,985 | $1,961 | $2,476 |
* 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.