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This is a very unique opportunity to live in the country and create your living space. The lot is 11. 80 acres with 1 acre out of current use, 10. 80 acres in current use. The property is on a class 6 road, and what is outstanding the town of Canaan does plow this road during the winter. The owners along the road maintain it the remainder of the year. There is power on site, a drilled well, a full cement foundation with walk out ability 20'x24', large shed with power, a carport, an outhouse, and a 3 bedroom septic design which expired last year. To top this all off is a tiny home which one can live in year round as you finish off your stick built house. The Tiny Home is very cute. It is an "Escape Tiny Home" manufactured in Wisconsin. When your stick built home is finished have guests stay in the tiny home or rent it out Air B&B. The lot also has 50 feet of frontage on Clark Pond Road which has good fishing. Canaan Street Lake is also nearby. Across the street is the National Wildlife Refuge which is conserved land so no one is going to build there. You can hike, hunt, cross country ski, and snow shoe on the refuge land. Come and turn your dreams into an address!!! Open House Friday, May 10th 3 pm to 5 pm
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $157,600 | $157,600 | $157,600 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.750% | 6.875% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.737% | 7.055% | 6.120% |
Monthly Tax Payment | $232 | $232 | $232 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,022 | $1,035 | $1,319 |
Total Monthly Payment | $1,329 | $1,342 | $1,626 |
* 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.