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Presented by
John Troland |
Wonderful opportunity to own a Farm Use Property in Preston. This property consists of a four bedroom colonial style home, three car garage, and 35+ acres of untouched farm land. This was once, many years ago, a working dairy and egg farm. Its farm use could be brought back to life with a new vision and infrastructure improvements. The home features 2250 sq. feet of living space, four bedrooms, two full baths, and new mechanicals. It has recently undergone extensive rehab and upgrades, but will require the new owner to finish the work to completion. The property is in the C-1 Commercial District for zoning and may make traditional financing difficult. There is road frontage on Route 2 and Paster Rd. This sale consists of three adjacent parcels: 15 Paster Rd. , Home and Garage on 2. 45 acres of land. 16 Paster Rd. , 33 Acres of untouched farmland and pasture. 174 Route 2, a 0. 7 acre tract of land. Maps and zoning information are available for this property.
| Type | Level |
|---|---|
| Bedroom 1 | Upper |
| Bedroom 2 | Upper |
| Bedroom 3 | Upper |
| Dining Room | Lower |
| Kitchen | Lower |
| Living Room | Lower |
| Primary Bedroom | Upper |
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Sales Associate
William Raveis Real Estate
Phone: 860.753.1661
John.Troland@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 860.625.5780
Brianna.Turgeon@raveis.com
NMLS Mortgage Loan Originator ID 2104486
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
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|---|---|---|---|
| Loan Amount | $423,920 | $423,920 | $423,920 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.875% | 6.375% | 5.375% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.571% | 6.533% | 5.668% |
| Monthly Tax Payment | $438 | $438 | $438 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $2,508 | $2,645 | $3,436 |
| Total Monthly Payment | $3,038 | $3,175 | $3,966 |
* 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.