Lot of Land with 4, 000 SF+/- Metal Quonset Style Warehouse Building (45'x92-14' High), Erected 1996+/-, Town of Oxford MA Parcel ID 08-A05. 01 at 122 Southbridge Rd (Route 20) in N. Oxford MA (Close to Auburn & 3 Main Highways (I-90 MA Pike, I-395 & I-290) >>> Possible Permitted Uses may include>>> Residential Development including apartment or condo complexes & Commercial/Retail Business Development. RE Tax bill indicates 22, 869 SF (0. 525 acres +/-) with 140'+/- Road Frontage on STATE HIGHWAY ROUTE 20 >> HIGH TRAFFIC, HIGH EXPOSURE>>> Parcel has a private well that also services 124 Southbridge Rd (NOT FOR SALE) >>> Municipal Water at Street, Municipal Sewer & Highway Improvement Projects are Approved, Recorded & Construction is Underway. Offered AS-IS - Buyer to perform due diligence as necessary to verify permitted uses and building requirements. ADDITIONAL ABUTTING LAND AVAILABLE>>> EXPLORE THE POSSIBILITIES>>>>SELLER WILL FINANCE WITH 30% DOWN PAYMENT.
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William Raveis Real Estate
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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 | $520,000 | $520,000 | $520,000 |
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 | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,460 | $3,456 | $4,459 |
Total Monthly Payment | $3,552 | $3,548 | $4,551 |
* 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.