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Presented by
Elizabeth Martins |
Spanning a total of 34. 83 acres across two parcels, this expansive tract of raw land in East Windsor presents a compelling opportunity for builders, developers, or long-term investors. The property is currently unapproved, with no engineering or subdivision work completed; however, an attached feasibility study indicates the potential for approximately 20-30 residential building lots, without the need for a new interior road, subject to all required town, zoning, and environmental approvals. While final yield is not guaranteed, the size, layout, and development concept outlined in the feasibility analysis highlight meaningful upside. Ideally suited for those seeking a large-acreage investment with future development potential, this property offers flexibility for a range of uses. Conveniently located with access to local roads, schools, and amenities, this is a rare opportunity to secure a substantial land holding in East Windsor at an attractive price point.
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Sales Associate
William Raveis Real Estate
Phone: 203.690.9229
Elizabeth.Martins@Raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 845.290.3871
Matthew.DeMaria@raveis.com
NMLS Mortgage Loan Originator ID 147983
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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|---|---|---|---|
| Loan Amount | $799,920 | $799,920 | $799,920 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 4.750% | 5.625% | 5.375% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 5.878% | 5.732% | 5.555% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $4,173 | $4,605 | $6,483 |
| Total Monthly Payment | $4,265 | $4,697 | $6,575 |
* 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.