Stake your claim to this property set high atop Plum Island! The existing structure on the property is a tear-down. All Zoning and Conservation approvals are in hand to start construction of your dream home (1,559 sq. ft. gross living area + another 1,000 sq. ft. deck space). Buyer will be responsible for building the new home, which will feature unobstructed water views of the Basin on one side and breathtaking sunsets over the Great Marsh and Newburyport Harbor on the other. Just steps from a tranquil beach where you can set your chairs in the sand; swim; launch your kayaks/paddleboards; or head out to your boat which is moored in the Basin waters. Short walk to Plum Island restaurants and quick access to the ocean; Parker River National Wildlife Refuge; downtown Newburyport; bike trails; commuter routes; trains; and so much more! Prime location to enjoy the relaxed beach lifestyle, Greater Newburyport and all that Plum Island has to offer. Buy now and start building your new home!
5 Cinder Ave, Newbury, MA, 01951
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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