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Separate the wheat from the chaff. Nestled in a prestigious, upscale neighborhood, this exceptional 2. 38 acre lot offers an unparalleled opportunity to build your dream home in a serene cul-de-sac setting in lovely South Farms Middletown. The expansive property is cleared, pre-seeded, outlined with an impressive stone wall, and enjoys east - west sun exposure, creating a perfect canvas for your custom-built luxurious vision. Some of the heavy lifting has been done; the improvements include perk & pit tests, electrical transformer and fiber optics are available at the corner of the lot, and the permit is in place for one more year. Quiet private road maintained by small association with nominal annual fee. Commuters take note, near Wesleyan University, Middlesex Hospital and community college, property borders the Durham, Easy access to Rt. 9, Rt. 17, Schedule your visit today and envision the limitless possibilities that await this remarkable property, and possibly settle in before the holidays. Avoid a bidding war. Instead of overpaying for someone else's dream, CREATE YOUR OWN.
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
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$125,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 203.641.8287
Dave.Beckman@raveis.com
NMLS Mortgage Loan Originator ID 10930
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $100,000 | $100,000 | $100,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.250% | 6.375% | 5.375% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.533% | 6.550% | 5.636% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $616 | $624 | $810 |
Total Monthly Payment | $691 | $699 | $885 |
* 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.