Exceptional Opportunity!! Incredible potential to fully develop over 80 acres of raw land with easy access to interstate 84. Fantastic possibility awaits you on this large level lot zoned Residential Design District which encourages a flexible site design that covers many options from single family homes to village type cluster housing. Expand your options with special permit uses which include senior housing, assisted living facility, a private school, nonprofit club or take advantage of the natural landscape for a sporting club, campground or resort, just to name a few. (See Section 5. 1 - 5. 2 attached for more details) Use your imagination, so many options available for an investor or real estate developer. Ideally located with 1, 200 feet of frontage on Tolland Stage Road/Route 74 and additional access on Buff Cap Road only minutes to local amenities and attractions, easy commute to Boston in under 90 minutes. Some wetlands which enhance the beauty of the property. This parcel of land is a true gem, visit today for more details and information.
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William Raveis Real Estate
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Contact@raveis.com
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 Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $1,240,000 | $1,240,000 | $1,240,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.500% | 6.250% | 5.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.821% | 6.396% | 5.990% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $7,041 | $7,635 | $10,297 |
Total Monthly Payment | $7,166 | $7,760 | $10,422 |
* 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.