104 Fall Mountain Lake Road, Plymouth (Fall Mountain Lake), CT, 06786 | $29,900

Come build your dream home in this quintessential New England Lake community. Located directly across the street from Fall Mountain Lake with views. Super low association fees of $213 per year = $17. 75 per month with access to 2 beaches, playground and activities. No motors allowed in the lake means quiet peaceful lake living all year round. Per Zoning 25% lot coverage allowed = potential 1, 960 sqft 2 story house with 980 sqft base footprint. Municipal water/sewer on the street. No survey done, raw land. All building potential and boundaries approximate based on subdivision map from 1941 attached. All building lot potentials would need to be approved by the Plymouth land use department. Zoning stated if lot is 40 x 100 per subdivision Map, two side yard setbacks of 7 feet each, 20 foot front setback and 25 foot rear setback = 26 wide by 38 foot long foot print. Max 25% lot coverage at . 09 acres or 980 sqft foot print. With potential 2nd level max potential sqft of 1, 960. All these are projections based on 1941 subdivision map. A survey would need to be done to verify all building potentials noted and approved by the land use department of Plymouth. See attached zoning regs

Features

  • Town: Plymouth
  • Amenities: Playground/Tot Lot,Private Rec Facilities
  • Zoning: RA-2L
  • Frontage: Paved Road
  • HOA Fee: $213 Annually
  • Lot Desc: Water View
  • Elem. School: Per Board of Ed
  • High School: Per Board of Ed
  • MLS#: 24044946
  • Days on Market: 66 days
  • Website: https://www.raveis.com
    /prop/24044946/104fallmountainlakeroad_plymouth_ct?source=qrflyer
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Listing courtesy of New England Realty Assoc LLC

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NMLS Mortgage Loan Originator ID 81725

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Frank.Kolb@raveis.com

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104 Fall Mountain Lake Road, Plymouth (Fall Mountain Lake), CT, 06786

$29,900

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Frank Kolb

Senior Vice President - Coaching & Strategic

William Raveis Mortgage, LLC

Phone: 203.980.8025

Frank.Kolb@raveis.com

NMLS Mortgage Loan Originator ID 81725

5/6 (30 Yr)
Adjustable Rate Conforming*
30 Year
Fixed-Rate Conforming
15 Year
Fixed-Rate Conforming
Loan Amount $23,920 $23,920 $23,920
Term 360 months 360 months 180 months
Initial Interest Rate** 7.250% 6.990% 6.125%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.655% 7.146% 6.412%
Monthly Tax Payment N/A N/A N/A
H/O Insurance Payment $75 $75 $75
Initial Principal & Interest Pmt $163 $159 $203
Total Monthly Payment $238 $234 $278

* 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.