Seize an extraordinary investment opportunity with this expansive 96. 6-acre, commercially zoned property located in Torrington, CT. Comprising a 50. 6-acre golf course (MLS#170586754) and a 46-acre lot (MLS#170586760), this combined sale offers immense potential for a visionary developer or investor. Currently, the larger parcel hosts a picturesque golf course, characterized by manicured greens, water features, and captivating views of Connecticut's rolling hills. The adjacent 46-acre lot offers a blank canvas, primed for commercial or residential development. Together, they provide the potential for a grand-scale project, blending recreational and residential or commercial purposes, subject to city zoning regulations and approvals. Secluded yet accessible, the properties are situated in a desirable location, offering tranquility while maintaining proximity to local amenities. The sheer size of these combined parcels presents a unique opportunity to shape a significant portion of the Torrington landscape. Both properties are sold as-is. Our team is ready to assist you in exploring the potentials these properties offer and guiding you through the necessary approval processes. For more information or to arrange a tour, reach out today! Imagine the possibilities with this rare 97. 15-acre offering in Torrington, CT. Don't miss this unparalleled chance to leave your mark on this thriving community.
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William Raveis Real Estate
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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 Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $3,440,000 | $3,440,000 | $3,440,000 |
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 | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $20,625 | $22,312 | $29,966 |
Total Monthly Payment | $20,750 | $22,437 | $30,091 |
* 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.