Rare opportunity for potential future development within an established private cul-de-sac setting at the Villas at Shady Glen. Situated between 63 and 65 Depot Rd, this parcel presents a unique chance to complete an existing condominium association consisting of four free-standing buildings with a total of five units (including one duplex), creating a cohesive and desirable residential enclave.Located on a private street, the lot is believed to meet requirements as a formable lot; however, buyers are responsible for all due diligence and required zoning relief. Preliminary discussions with the town indicate a variance may be required due to private way frontage, see remarks below. A full engineered subdivision site plan, along with a proposed plot plan including building envelope and footprint, is available to assist buyer's application process.This property presents an attractive entry point for experienced builders or developers seeking a value-add project with upside potential
63-69 Depot Rd, Oxford, MA, 01540
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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