0 South Road, Marlborough, CT, Connecticut, property flyer

0 South Road, Marlborough, CT, 06447 | $12,000,000

Seller states they will consider all offers to purchase on this property! Only 15 minutes from the home of over 100 insurance companies in Hartford CT ! Now available is a 426 acre parcel of land very close to the town center in Marlborough, Connecticut. Just down the street from the town resident only water front recreation area, as pictured. This quiet country land parcel has town approvals for a golf course/housing project. Complete plans are available. The owners will also consider selling subdivided smaller parcels. The project plans show that the residential component of the project consists of 84 single-family lots (about half of these lots will border the golf course and 12 will be on a ridge with distant scenic views); and 112 town homes targeted, but not restricted to the active adult market with unit sizes starting at 2, 500 square feet (most of the town homes will have unobstructed views of the golf course). The residential component of the subject will use about 135 acres with an additional 120 acres allocated to undisturbed open space. The proposed 7, 010-yard, par 71, 18-hole, championship golf course designed by the Roger Rulewich Group will encompass about 157 acres. The subject was approved under the Town of Marlborough's Open Space Conservation Area Regulation (OSCAR). Note- signs (4) mark approximate north and southern road locations on South road and Ogden Lord roads. ----- Live on site Drone tours available

Features

Zoning: R
Frontage: Municipal Street
Lot Desc: Lightly Wooded,Dry

Elem. School: Per Board of Ed
High School: Per Board of Ed
MLS#: 170616953

Days on Market: 325 days
Website: https://www.raveis.com
/prop/170616953/0southroad_marlborough_ct?source=qrflyer

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Listing courtesy of Coldwell Banker Realty

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0 South Road, Marlborough, CT, 06447

$12,000,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Frank Kolb

Senior Vice President - Coaching & Strategic

William Raveis Mortgage, LLC

Phone: 203.980.8025

Frank.Kolb@raveis.com

NMLS Mortgage Loan Originator ID 81725

	5/6 (30 Yr) Adjustable Rate Jumbo*	30 Year Fixed-Rate Jumbo	15 Year Fixed-Rate Jumbo
Loan Amount	$9,600,000	$9,600,000	$9,600,000
Term	360 months	360 months	180 months
Initial Interest Rate**	5.500%	6.375%	5.875%
Interest Rate based on Index + Margin	8.125%
Annual Percentage Rate	6.821%	6.474%	6.036%
Monthly Tax Payment	N/A	N/A	N/A
H/O Insurance Payment	$125	$125	$125
Initial Principal & Interest Pmt	$54,508	$59,892	$80,363
Total Monthly Payment	$54,633	$60,017	$80,488

* 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.