Presenting a rare and exciting opportunity to get this residential lot nestled in the heart of Five Forks. Situated in a meticulously maintained subdivision with NO HOA fees, this lot offers the perfect blend of convenience and tranquility. Enjoy close proximity to Five Forks amenities while relishing in the serenity of no through-traffic and the natural seclusion provided by mature hardwood trees, offering a peaceful retreat from the hustle and bustle of Woodruff Road. This lot boasts multiple opportunities for building the perfect house, with an ideal layout for a basement or tall crawl space due to its sloping terrain. This feature provides ample room for a house before reaching the creek area, allowing for endless possibilities for customization and design. Moreover, the tranquil creek running through the property adds to its allure, providing a relaxing atmosphere and enhancing the overall appeal of the location. Additionally, it's worth noting that the house will not be in a flood zone, offering peace of mind to prospective buyers regarding potential flood risks. Electric and water utilities are conveniently located at the street, ensuring easy access for future development. Additionally, a private walking trail leads to a creek lounge area at the rear of the property, offering a serene space to unwind and connect with nature. Across the way, the Cobblestone Gated Community adds an extra layer of security and exclusivity to the neighborhood. With a minimum home size requirement of 1600 square feet and restrictions against manufactured and mobile homes, this lot ensures high standards of quality and integrity within the community. Furthermore, a survey has already been completed, streamlining the process for potential buyers and simplifying the path to realizing your dream home. Don't miss this exceptional opportunity to build your dream home in the heart of Five Forks!
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William Raveis Real Estate
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Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 401.474.4879
Whitney.Rugg@raveis.com
NMLS Mortgage Loan Originator ID 7654
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $108,000 | $108,000 | $108,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.125% | 6.125% | 4.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.483% | 6.273% | 5.268% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $656 | $656 | $853 |
Total Monthly Payment | $731 | $731 | $928 |
* 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.