Exciting Opportunity Awaits at Lake Street! Nestled on 1. 68 acres of lightly wooded, and level land. Introducing a remarkable opportunity at the corner of Lake Street in Woodland, directly across from the scenic Wachupaug lake and Lakeview Bar and Grill restaurant. This commercially zoned lot, boasting VG zoning, requires 7, 000 square feet to build with 200 feet of road frontage. Perfectly suited for a range of ventures, from medical offices and storefronts to investment properties or multi-unit developments catering to UConn students, this lot offers endless possibilities. Imagine crafting an apartment building with breathtaking lake views, or creating a space that caters to the vibrant community surrounding Yukon University. With septic, well, and propane requirements , public water and public sewage, this lot streamlines the development process, ensuring a smooth transition from vision to reality. Its close proximity to Yukon and all amenities further enhances its appeal, making it an ideal location for residents and businesses alike. Embrace the opportunity to be part of this exceptional community, where stunning views, convenience, and endless potential converge. Don't miss out - seize this chance to shape the future with a listing that promises both professional success and inviting charm. Schedule your visit today to discover the unmatched allure of this prime location on Lake Street.
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William Raveis Real Estate
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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 | $399,940 | $399,940 | $399,940 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.250% | 6.990% | 6.000% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.945% | 7.159% | 6.286% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,728 | $2,658 | $3,375 |
Total Monthly Payment | $2,803 | $2,733 | $3,450 |
* 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.