If you are looking for a piece of acreage to build your dream home on but don't want to live on a dirt road or have a ton of additional costs leading up to the build? This may be the lot for you! The 5. 35 acre fully fenced parcel is located in the Winding Creek community and has had much of the start up work done. This lot has been partially cleared and a pond dug. A 5" well with a 1. 5 HP submersible well pump has also been installed and the electric T pole with a 100 amp sub panel and a 50 amp plug has also already been added as well. Septic has not been installed as that would need to match the size of whatever house you want to build on it. Mineral rights convey throughout this community and there is a 148 acre preserve for residents to enjoy. Acreage lots with utilities also tend to have a lower down payment with land lenders to help get you started. Contact us today for your showing and start making plans to build your dream home here.
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RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $229,600 | $229,600 | $229,600 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.477% | 7.159% | 6.296% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,528 | $1,526 | $1,936 |
Total Monthly Payment | $1,603 | $1,601 | $2,011 |
* 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. The Total Monthly Payment does not include the estimated HOA/Common Charge payment.