This 88. 23 acre property has 496. 66 feet of road frontage on John Gilbert Road near the top of a rise affording views in multiple directions. 11. 8 acres in fields, balance is in forest. 3385 sqft main house has 5 bedrooms, 3 bathrooms, office with exterior door, concrete pool 33’ x 18’, 2442 sq ft barn/dance hall, 2 car garage, pond, 3 stall barn, 2 hay storage sheds, 2 fenced corrals, deck and patio. Seller is replacing septic system for main house. Separate electric and water service for many of the former camp sites. Campground was closed after 2022 season, permits expired. . A 5 MW solar site was approved by the town on 35 acres of the property but is now expired. The property is close to hundreds of acres of state forest land and 320 acre Lake Wickaboag as well as the cultural activities at Sturbridge Village. It is a perfect site as a wedding destination especially with the abundance of hotel rooms in the Sturbridge area and its easy access to the Mass Pike and Route 395.
Type | Description | Dimensions | Level |
---|---|---|---|
Bedroom 2 | Closet - Linen, Closet, Flooring - Hardwood, Beadboard | 15 x 13 | Second |
Bedroom 3 | Closet, Flooring - Hardwood | 14 x 13 | Second |
Bedroom 4 | Closet - Linen, Closet, Flooring - Hardwood | 14 x 13 | Second |
Dining Room | Flooring - Hardwood | 17 x 12 | Main,First |
Kitchen | Beamed Ceilings, Flooring - Vinyl, Dining Area, Pantry, Kitchen Island, Country Kitchen | 17.5 x 13 | Main,First |
Living Room | Flooring - Hardwood | 19 x 12 | Main,First |
Master Bedroom | Closet - Linen, Closet, Flooring - Wall to Wall Carpet | 12 x 16 | Second |
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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 | $880,000 | $880,000 | $880,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.000% | 6.750% | 6.500% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.377% | 6.851% | 6.664% |
Monthly Tax Payment | $630 | $630 | $630 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $5,276 | $5,708 | $7,666 |
Total Monthly Payment | $6,031 | $6,463 | $8,421 |
* 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.