Presented byBill DeLuca |
A gorgeous sub-dividable property with westerly views to Granby Notch and Manitook Mountain. This surveyed Newgate Road land parcel has 191 ft of road frontage, with more than 12 acres of land extending up toward the Metacomet Ridge. The front of the parcel with frontage on Newgate Road has an approved perk tested lot, and the back acreage has the potential for one or more homes with stunning views of the hills and valleys below. The parcel is sloped in the front and levels-out at the back, where it is high enough elevation to afford views of the valleys below without visual obstruction by power lines, homes or other structures. The Buyer can put in a driveway to the back of the parcel for their dream home(s), and build a Spec house on Newgate Road for sale. Views from the upper (back) part of the property are comparable to those in the upper lots of the immediately adjacent Wyncairne homes or the upper Woodledge properties. The property is wooded with oak, beech, maple, white birch and hemlock, with old stone walls and logging trails still present from a century ago. It sits only a mile from historic Old Newgate Prison, and is above the Copper Hill Golf Course. There is easy access to Rt 20 and Interstate 91.
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Luxury Properties Specialist
William Raveis Real Estate
Phone: 203.223.6067
Bill.DeLuca@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 203.952.8600
Joseph.Mollica@raveis.com
NMLS Mortgage Loan Originator ID 130058
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $288,000 | $288,000 | $288,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.375% | 7.125% | 6.375% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 8.011% | 7.308% | 6.644% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,989 | $1,940 | $2,489 |
Total Monthly Payment | $2,064 | $2,015 | $2,564 |
* 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.