Presented byThe Reardon Team |
Three (3) adjacent lots located in the highly desirable Sheldon/Charter Oak neighborhood totaling 20, 531 SF or approximately 0. 47 acres. Situated at 107-109, 111-113, and 117-119 Wyllys Street (Qualified Opportunity Zone), these properties present an unparalleled opportunity for developers looking to make a significant impact in a flourishing area. Seven minutes from Trinity College and three minutes from Hartford Hospital! Shovel-Ready with Full Environmental Clearance! The land has been fully excavated, refilled, and comes with comprehensive environmental reports and remediation. There is zero contamination providing a clean slate for immediate development. While there was a previously approved plan for 9 row houses (3 triplexes), there is potential for other developments including a luxury apartment complex, condominiums, and more. The land can support an incredible density of up to 66 units, offering massive upside potential. The lots are strategically located near key attractions and amenities including Hartford Hospital, Dillon Stadium, Colt Park, and the Riverfront. Plus, enjoy the conveniences of quick highway access and close proximity to UCONN, the Convention Center, and a bustling downtown featuring entertainment, breweries, fine dining, and shopping. Owner is willing to sell lots individually if closings are simultaneous.
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$499,000
Sales Associates
William Raveis Real Estate
Phone: 617.513.1863
TheReardonTeam@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 617.281.4872
Kate.Rockett@raveis.com
NMLS Mortgage Loan Originator ID 1500191
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $399,200 | $399,200 | $399,200 |
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 | $2,723 | $2,653 | $3,369 |
Total Monthly Payment | $2,798 | $2,728 | $3,444 |
* 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.