The fact that the land is undeveloped provides a blank canvas for various possibilities. You have the flexibility to design and use the space according to your preferences and needs. The pond access adds a unique feature to the property. It could be a great recreational amenity, offering opportunities for fishing, boating, or simply enjoying the natural surroundings. The proximity to Worthington Pond and Worthington Vineyard & Winery adds to the appeal of the location. It provides not only recreational opportunities but also a potential social aspect for those who enjoy wine tasting. The mention of logging the land for wood indicates an additional potential revenue stream or personal use for timber. The mix of flat level areas and well-forested sections provides aesthetic diversity and potential for different uses. It caters to individuals with various preferences, whether they are interested in building, logging, or recreational activities. Perc tests have been done, this is a crucial step for potential home construction. It indicates the soil's ability to absorb liquid and helps determine suitable locations for septic systems, ensuring that the land is suitable for residential development. This offering includes 2 parcels 319 & 327 Mountain Rd. in Somers CT 49 Acres of land you can see into Mass.
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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 | $520,000 | $520,000 | $520,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.250% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.945% | 7.133% | 6.256% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,547 | $3,456 | $4,385 |
Total Monthly Payment | $3,639 | $3,548 | $4,477 |
* 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.