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Individuals and developers looking for a spectacular development opportunity wait no longer! This very private 22. 47 acre wooded has something to offer at every turn. Whether you are looking for private golf course views, a piece of nature or the neighborhood feel, this is a must have. A short turn off a scenic road brings you to an abundance of nature defined by a babbling brook straddled by old growth hemlock and beech forest to the west and upland pine, maple and oak forest to the east. Views of charter oak country club abut 1/4 of the property to the East with private residence to the North and South through the woods. This property is Located off Chestnut street with road frontage and currently zoned for residential development. A feasibility study in 2011 resulted in preliminary plans for an 8 lot subdivision but the current owners have not permitted the project as of yet.
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Our Executive Mortgage Banker:
Our Insurance Division:
$925,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Senior Vice President - Coaching & Strategic
William Raveis Mortgage, LLC
Phone: 203.980.8025
Frank.Kolb@raveis.com
NMLS Mortgage Loan Originator ID 81725
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $740,000 | $740,000 | $740,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.375% | 7.125% | 7.000% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.531% | 7.228% | 7.167% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,617 | $4,986 | $6,651 |
Total Monthly Payment | $4,709 | $5,078 | $6,743 |
* 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.