Look no further… Opportunity Awaits… Convenience, Charm and Lifestyle. . . Close to Long Island Sound! Great opportunity to build your dream home on Morningside Drive South on the historic Charles Sherwood/George Hughes farm site! 22 Morningside Drive South offers FANTASTIC VALUE IN GREENS FARMS! All engineering is in place. Owner has partially designed plans for a new 6088 sq. ft. home that can be finished to taste. OR DESIGN YOUR OWN HOME and build on this rare, oversized and centrally located . 82 acre lot in the heart of Greens Farms. Current design offers open floor plan, 5 bedrooms all with en-suite baths OR design your own layout and configuration. WE HAVE A TEAM IN PLACE AND READY TO MEET YOU to make building your dream home a reality. Water, sewer, electric on site already. Gas is in the street. Walkable to Greens Farms Elementary, restaurants, and shopping. Sherwood Island Beach, Greens Farms train station and major highways nearby. All buyers and builders are welcome! Call for more details. Renderings and floor plans are of the home the owner has designed for the lot and facade is approved by HDC. OWNER FINANCING AVAILABLE
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William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 914.260.5535
Mace.Rattet@raveis.com
NMLS Mortgage Loan Originator ID 69957
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 914.260.2006
Francine.Silberman@raveis.com
NMLS Mortgage Loan Originator ID 69244
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $740,000 | $740,000 | $740,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.125% | 6.875% | 6.500% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.430% | 6.977% | 6.664% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,496 | $4,861 | $6,446 |
Total Monthly Payment | $4,588 | $4,953 | $6,538 |
* 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.