This picturesque 15+ acre parcel located on prestigious Durham Point, boasts a serene blend of natural features and amazing beauty. Imagine the possibilities for a unique home site or just enjoy the land for a variety of recreational, agricultural and animal husbandry uses. The lot (shared drive excepted) is under Current Use status resulting in low annual taxes creating a great opportunity to invest and hold for later use or future generations. Perched atop a high forested knoll, you’ll find old stone animal enclosures, foundations and a stonewall-bounded woods road – a testament to the land’s history, adding character and charm to the landscape. Nature enthusiasts will appreciate the diverse wildlife and birdwatching opportunities afforded by long tree-lined and fresh creek boundaries, open meadows, wetland shrubbery and adjacent tidal waters. 40-feet of frontage along the scenic Oyster River… perfect for kayaking, fishing, or potential to obtain a seasonal mooring. The property is located in the Residential Coastal Zone and falls within the Wetland Conservation and Shoreland Protection Overlay Districts. Wetlands delineation and test pit reports reflect two suitable areas for septic system locations. Buyers should be aware that obtaining septic and building permits will require Town and State approvals and are advised to conduct their own due diligence prior to purchase. Town tax card states 22 acres. Seller will not entertain offers subject to subdivision.
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $580,000 | $580,000 | $580,000 |
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 | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,859 | $3,855 | $4,891 |
Total Monthly Payment | $3,951 | $3,947 | $4,983 |
* 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.