Presented byChad Segal |
Ready for your next Residential Development Project? This property is builder, developer, and/or investor ready! The project site has been cleared and includes site drainage. Approvals are in-hand for a 40B residential development for 20 homes (15 market rate and 5 affordable). The project is currently designed and laid out as 10, two-unit buildings with a Cul-De-Sac. The property also currently has additional approval secured to be Rentals (possible condo development if preferred). The site offers frontage on Red Brook Road, with easy access to Cranberry Highway and conveniently located in Buzzards Bay area not far from the Bridges to Cape Cod, the Cape Cod canal, Onset, multiple marinas, a variety or stores, beaches, restaurants, and so much more. Land is priced at approximately $125, 000/market unit, $65, 000 per affordable unit. More information and plans available. As always buyers to do own due diligence for any other use. Plans and more information available upon request.
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Our Executive Mortgage Banker:
Our Insurance Division:
$2,200,000
Sales Associate
William Raveis Real Estate
Phone: 860.995.9313
Chad.Segal@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 203.605.5576
Rick.Cannavaro@raveis.com
NMLS Mortgage Loan Originator ID 89074
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $1,760,000 | $1,760,000 | $1,760,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.125% | 6.875% | 6.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.430% | 7.014% | 6.790% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $10,694 | $11,562 | $15,453 |
Total Monthly Payment | $10,819 | $11,687 | $15,578 |
* 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.