Attention Developers & Builders — this is the opportunity you've been waiting for! Nearly 7 acres of prime residential land straddling Methuen, MA and Salem, NH, offered as a package with an existing 1850 Colonial 3-family. Large contiguous parcels like this are extraordinarily rare in Methuen, where developable land of this scale is virtually nonexistent in today's market. This is a once-in-a-generation chance to assemble a meaningful residential development in one of the Merrimack Valley's most sought-after communities. The sprawling lot offers exceptional potential for subdivision into multiple home sites, subject to city/town approval. Zoned residential with 10,000 SF minimum lot size and 100' minimum road frontage. Bordered by the NH state line to the north and east, Rte 213 to the south, and Rte 28 to the west — outstanding accessibility to major employment centers and commuting routes.
255 Hampshire St, Methuen, MA, 01844
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.
CT Mortgage Lender ML-2630 - MA Mortgage Lender and Mortgage Broker #MC2630 - NH Mortgage Banker #11083-MB - RI Mortgage Lender & Mortgage Broker #20051918LL & #20051919LB - NY Licensed Mortgage Banker - NYS Department of Financial Services LMBC 106535 / B500898 - NJ Residential Mortgage Lender 2630 - FL Mortgage Lender MLD1388 - VT Lender & Mortgage Broker #6952 & #1297MB
