35/487/350 Lockwood Road, Andover, NH, 03216 | $140,000

Escape to this beautiful 8. 8 acre lot, nestled in desirable Andover, NH. Located on Lockwood Rd, this property places you close by to both Proctor Academy as well as Colby Sawyer College. Just a short drive away, you will find yourself in downtown New London and the Sunapee Lake region. For those who love the outdoors, this property puts you within walking distance of the Northern Rail Trail to offer walking, biking, snowshoeing and cross country skiing, for true four season enjoyment. This property also includes the early stages of your own tiny home/cabin. This 380sqf, 2 story structure has been built with 2x6 wall construction and quality materials such as new Mathew’s Bros windows, a Marvin brand door, Advantec sheathing and a metal roof. Currently approved through a shed permit, but could be the perfect retreat for those looking for either a vacation spot or year round living with approval through the Town of Andover for occupancy. Reach out to schedule time to see this property for yourself and fall in love with everything it offers.

Features

  • Zoning: AR R
  • Lot Desc: Country Setting,Rolling
  • Elem. School: Andover Elem/Middle School
  • Middle School: Andover Elem/Middle School
  • High School: Merrimack Valley High School
  • School District: Andover
  • MLS#: 5000749
  • Website: https://www.raveis.com
    /prop/5000749/35487350lockwoodroad_andover_nh?source=qrflyer
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Listing courtesy of Keller Williams Realty-Metropolitan   Phone: 603-232-8282
Listing Agent: Aimpoint Realty Group

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35/487/350 Lockwood Road, Andover, NH, 03216

$140,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

5/6 (30 Yr)
Adjustable Rate Conforming*
30 Year
Fixed-Rate Conforming
15 Year
Fixed-Rate Conforming
Loan Amount $112,000 $112,000 $112,000
Term 360 months 360 months 180 months
Initial Interest Rate** 6.125% 5.990% 4.875%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.398% 6.161% 5.152%
Monthly Tax Payment N/A N/A N/A
H/O Insurance Payment $75 $75 $75
Initial Principal & Interest Pmt $681 $671 $878
Total Monthly Payment $756 $746 $953

* 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.