Builder Opportunity! Build-ready 6.04-acre lot on I Capen Rd in Spencer with over 350 feet of road frontage. Much of the upfront work has already been completed. Sale includes an approved 2-bedroom septic design, ORAD, and recorded Order of Conditions. Well is installed and erosion controls are in place, allowing the buyer to move directly toward obtaining a building permit. Ideal for builders looking to save time and reduce pre-construction costs, or buyers seeking a private homesite with key improvements already completed. Convenient access to Worcester, the MA Pike, Route 9, shopping, dining, and outdoor recreation. Spencer offers the perfect blend of rural charm and commuter convenience. A rare turnkey opportunity to start building.
0 I Capen Rd, Spencer, MA, 01562
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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