Unlock the potential of 50 Round Lake Dr, a rare opportunity in a prime location! This property is a blank canvas, ready for a visionary buyer to bring it to life. With the right creativity and investment, this space can be transformed into something truly special. A recently expired septic application offers a starting point for redevelopment, with the possibility of resubmission in collaboration with an engineer and surveyor. Sold as is, with all due diligence to be completed by the buyer, this is your chance to reimagine and revitalize a property in a sought-after setting! This property can only be purchased with cash or hard-money.
There is currently a single family dwelling and outbuilding on site- for more information on dwelling see MLS Listing #1390333
50 Round Lake Drive, Burrillville, RI, 02859
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) 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.
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