Presented byRon Nettleton |
Rare opportunity to own 25+ (no survey available) mostly wooded acres on a country road in Litchfield County. Escape from the hustle and bustle into a quiet small town in CT. The land is a stunning combination of a small open field, designated wetlands, and a mature timber hillside. There are probably 3 different building sites, perhaps even subdividable, but all uses are subject to the approval of the Town of Morris. Taxes are low because property is in a Forestry Program. Place a house in the open clearing, perhaps put up a barn and have a few farm animals, and become self sustaining! Or place the house further back in the woods for total privacy! Another option is to use the deeded right of way to the back side of the property and build in the absolutely beautiful mature woods. Because the land adjoins a large piece of land preserve of White Memorial Foundation, much adjacent land development is restricted. The seller lives nearby and values peace and quiet, so recreational use of 4 wheeler making noise will be deed restricted. Bonus: Bantam Lake is just a couple of miles away with a State Boat Launch and a town sandy beach! The nearby town of Litchfield with amazing Historic Homes has multiple restaurants, wineries, riding stables, delightful small shops; just a wonderful place to hang out. Make this property your new destination!
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Sales Associate
William Raveis Real Estate
Phone: 203.217.4979
Ron.Nettleton@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 203.520.1925
Laurie.Berger@raveis.com
NMLS Mortgage Loan Originator ID 12578
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $144,000 | $144,000 | $144,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.250% | 6.990% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.582% | 7.171% | 6.518% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $982 | $957 | $1,235 |
Total Monthly Payment | $1,057 | $1,032 | $1,310 |
* 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.