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Presented by
Alan Porretti |
Opportunities like this don’t come around often. Narrow Brook Acres was created exclusively for one family, and now a new family has the chance to make it their own—whether as a private retreat, an investment, or a full compound. This isn’t a brand-new listing, but it is newly taken over by The Lake Team, and we’re excited to bring fresh energy and attention to this incredible property. This 47+ acre parcel already has so much in place: a solid foundation from the previous home, an in-ground pool, barn with loft space, carport, gazebo, well, septic, paved driveways, orchards, open fields, woods, and a peaceful brook running right through the land. The original residence was lost to a fire, but that simply opens the door for someone to create something truly special. I work hand-in-hand with a great builder who can help design and build a gorgeous custom home perfectly tailored to this property. There’s even an abandoned little cottage that can be restored into a charming guest house, studio, or income-producing rental. And remember—they’re not making any more land. Especially not land with this much character, infrastructure, and potential. If you’ve been looking for a place where your ideas can really come to life, this is it.
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Our Executive Mortgage Banker:
Our Insurance Division:
$550,000
Luxury Properties Specialist
William Raveis Real Estate
Phone: 508.566.6313
Alan.Porretti@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 508.740.5922
Frank.Merola@raveis.com
NMLS Mortgage Loan Originator ID 1020051
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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 | $440,000 | $440,000 | $440,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.250% | 5.990% | 5.125% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.112% | 6.132% | 5.396% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $2,430 | $2,635 | $3,508 |
| Total Monthly Payment | $2,522 | $2,727 | $3,600 |
* 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.