Welcome to an extraordinary investment opportunity for savvy individuals, Investors and subdivision developers to own 12 acres land in Ellington CT. Conveniently located just 28 minutes from Hartford, 27 minutes from UConn, and a short 34-minute drive from Springfield, MA, with Providence, RI, a mere 1 hour and 27 minutes away. Under the Rural Agriculture Residential (RAR) zoning, this land presents various prospects for development, including single-family housing, sheds, agriculture, and horse stables. Whether you're envisioning a dream home, a charming subdivision, or a commercial venture. Land is enriched black and white oak, birch, chestnut, hickory, and maple trees. It is an ideal backdrop for building your modern farmhouse, creating a sanctuary where you can cultivate your own food and live in harmony with nature. The property's location ensures the perfect balance between the convenience of nearby amenities, schools, and highways, making daily life easily accessible, while preserving the tranquility and serenity of your retreat. For those with a keen eye on investment, consider exploring subdivision opportunities, subject to zoning regulations and permits. This presents an excellent chance to capitalize on the property's potential and maximize its value. Seize this unique opportunity whether you're an investor, developer, or someone seeking a retreat in nature, this 12-acre parcel is ready to fulfill your vision and turn your dreams into reality.
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Our family of companies offer our clients a new level of full-service real estate. We shall:
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For homebuyers and sellers, our Attorney Network:
$89,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $71,200 | $71,200 | $71,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.477% | 7.159% | 6.498% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $474 | $473 | $610 |
Total Monthly Payment | $549 | $548 | $685 |
* 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.