Commercial Industrial Park District. It is compatible for commercial and industrial park uses. This property is 4. 63 acres that sits directly between Groton and Gales Ferry on a busy state road. Just north of the property is McDonalds, Ocean State Job Lot, Dollar General, Dunkin Donuts, various restaurants, Orchard, winery and not to mention Foxwoods & Mohegan Sun casinos. Just south of the property on way to groton, the submarine capital of the world, you have the naval submarine base, plenty more restaurants, grocery stores, Kohls, Walmart, car dealerships, schools, Electric Boat / General Dynamics, as well as beaches. A short distance further is the historic town of Mystic, which has the mystic seaport, mystic village, the aquarium and plenty of restaurants and tourist attractions. Just over the bridge are The Coast Guard Academy and new state of the art heavy lift terminal, The State Pier. This new site will be the hub to build the offshore windfarms, REVOLUTION WIND & SUNRISE WIND in a joint venture by Orsted & Eversource. (revolution-wind. com). The impact alone of this project will significantly enhance the southeastern CT economy by adding over 400+ jobs! ** Traffic Count 13, 600+**
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William Raveis Real Estate
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William Raveis Mortgage, LLC
Phone: 203.980.8025
Frank.Kolb@raveis.com
NMLS Mortgage Loan Originator ID 81725
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $160,000 | $160,000 | $160,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.250% | 6.990% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.582% | 7.171% | 6.518% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,091 | $1,063 | $1,372 |
Total Monthly Payment | $1,166 | $1,138 | $1,447 |
* 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.