Tucked away in the quiet hills of Wells is this very private, very beautiful tract for your home build or recreational use. From the roadside (of which there is more than 1, 800 feet of frontage), you may glimpse a tall cliff rising sharply from the otherwise flatter topography. You might wonder whether or not it's possible to build on top of such a dramatic spot, and what it would take. If that's the case, here's some good news: The current owners have already roughed in a driveway leading from the road, wrapping around the hillside as it rises, and leading to a build site at the pinnacle of the property. With the right tree work you could expose a view of the surrounding mountaintops, the rest of your acreage below, and possibly even the beaver pond across from the northern boundary of the property. A well has already been drilled near the driveway, and the build site itself is flat and clear. Electricity is available at the road, but hasn't been brought in to an on-site junction box yet. Wells has no comprehensive zoning ordinance, so the possibilities here are fairly open-ended. To view we HIGHLY RECOMMEND approaching from the south via the intersection of East Wells Road and Lamb Hill Road. To approach from the north a high-clearance 4WD vehicle is required due to a class 5 section north of Coy Hill Road.
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William Raveis Real Estate
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VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 203.415.2989
Brian.Skelly@raveis.com
NMLS Mortgage Loan Originator ID 793093
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $93,600 | $93,600 | $93,600 |
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 | 7.551% | 7.159% | 6.276% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $623 | $622 | $789 |
Total Monthly Payment | $698 | $697 | $864 |
* 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.