Presented byJohn Butera |
Rare opportunity to purchase a farm parcel in highly desirable North Sudbury, right on the Concord town line, next to Nashawtuc Country Club. This property has Preliminary Approval for an 11 home subdivision on the front 10 acres (parcel is 35 acres in all) with the front 10 already cleared, engineered, and ready to develop. In addition, take the opportunity to restore a 3 bedroom apartment within the equestrian barn, over the indoor riding ring and 17 roughed-in-stalls. The present owner has already paid the back taxes to take it out of 61A (farmland) and it is now zoned as residential (A-1). Close proximity to public transportation, Nine Acre Corner and Verrill Farm. Located 20 miles from Boston, there is not an opportunity in this area that has this kind of development potential! serious inquiries only please
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$3,250,000
Luxury Properties Specialist
William Raveis Real Estate
Phone: 617.962.9267
John.Butera@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 978.314.1072
Joanne.OKeefe@raveis.com
NMLS Mortgage Loan Originator ID 38342
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $2,600,000 | $2,600,000 | $2,600,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.500% | 6.375% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.821% | 6.474% | 6.036% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $14,763 | $16,221 | $21,765 |
Total Monthly Payment | $14,888 | $16,346 | $21,890 |
* 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.