Rare opportunity to acquire this 5.63 acre parcel with an existing single family in need of gut renovation or tear down and rebuild. The property, formerly a house and cleared acreage with farm outbuildings, has not been occupied in 15+ years. Possibility to subdivide with a retreat lot, further develop with a special permit, or use as single family with a rare homestead feature in a convenient suburban location of much higher priced homes. No public sewer available, perc tests have been done and are available. Wetlands exist on the western side of the property, adjacent to 140, and have been delineated and certified leaving ~2.5 upland acres developable. Historic special permits that have been granted but not exercised: raze and rebuild single family home, 4 building contractor storage facility, many possibilities exist further than residential here.
28 Cherry St, Shrewsbury, MA, 01545
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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