The prettiest lot in town! A very special, level, open lot in historic district! Bordered by a babbling brook, frontage with beautiful ancient stonewall with an iron gate and wooden fence openings, this lot is of considerable historical significance. The lot offers raspberry bushes, black walnut trees, a magnolia tree, and several cords of seasoned firewood! Level, cleared, surveyed, city water, sewer, gas. Situated between large historic homes, the. 46 acres allows for a new home up to 2000 sq. ft. Shortly after Norwich was settled in 1659, the parcel was purchased in 1668 adjacent to the home of John Bradford, son of William Bradford, the author of The Mayflower Compact. The ideal property for your special custom home! Ask about new 30 yr. land loan financing available! Please note that the site plan attachment is an approximation of what can be built on site. All new house plans would be subject to town building and wetlands approvals.
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William Raveis Real Estate
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Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 860.625.5780
Brianna.Turgeon@raveis.com
NMLS Mortgage Loan Originator ID 2104486
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $63,920 | $63,920 | $63,920 |
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 | $425 | $425 | $548 |
Total Monthly Payment | $500 | $500 | $623 |
* 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.