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This 150 acre lot is close to crystal lake and would make a great day camp, single family homesite, 32 lot subdivision, hunting camp, or private family estate. The property was close to being approved for 32 lots in the past. All perk tests have been done including location of home sites for each lot showing home locations and well and septic locations. Since then approximately 4000 to 5000 feet of road has been installed. Come and view this property today. This property was once being made ready for a camp for kids. and would make a great location for this usage. The property is now under P. A. 490 tax status so next year the taxes should be approximately $1, 500 for the year not $16, 000. Included in this acreage are 2 building lots almost ready to go on old birch road. Property approximately 3 miles from Crystal Lake Ellington, ct.
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William Raveis Mortgage, LLC
Phone: 203.980.8025
Frank.Kolb@raveis.com
NMLS Mortgage Loan Originator ID 81725
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $639,920 | $639,920 | $639,920 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.125% | 7.500% | 7.000% |
Interest Rate based on Index + Margin | 7.875% | ||
Annual Percentage Rate | 7.939% | 7.687% | 7.294% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,311 | $4,474 | $5,752 |
Total Monthly Payment | $4,403 | $4,566 | $5,844 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first 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.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.