The Nathan Hale State Forest is a Connecticut state forest encompassing 1, 455 acres in the towns of Coventry and Andover. The forest is managed to sustain a reliable source of forest products and renewable habitat for wildlife. This rare, unique and undisturbed 45 acres (approx) abuts around 1000 ft of the Nathan Hale State Forest oasis of hiking, horse-back riding and winter activities. It also abuts around 500 ft of road frontage on Wheeling Rd. What a remarkable opportunity to create a Nathan Hale adjoining oasis for a single-family home or a small subdivision. However, the opportunities are endless as a conceptual subdivision is attached showing the potential for the construction of 15 homes along the approximate 700 ft frontage on Wheeling Rd. Currently the land is zoned as a mix of forestry and residential. Changes to the mixed use can be reviewed with the Town of Andover. This truly is a unique opportunity with a multitude of options including a getaway from the hustle and bustle of major metropolitan areas.
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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 | $359,200 | $359,200 | $359,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.250% | 6.990% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.945% | 7.171% | 6.538% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,450 | $2,387 | $3,080 |
Total Monthly Payment | $2,525 | $2,462 | $3,155 |
* 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.