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Zoning: The property is situated in an RM Zone [Residential Moderate Density] District. Among other uses, the Zone permits multifamily residential development at a density of 24. 0 Units / Acre. Building in the RM district cannot exceed 12 Units per building and each unit requires 1. 5 parking spaces. Prior site approval allows for 106 Apartments in 13 Building. 8-30g is not applicable to development in Waterbury. Utilities: Public Water, Public Sewer and Public Storm water are Available on Vivian Drive, Thornhill Circle & Village Wood Drive. The area has access to High-Speed Internet Service. Ct Transit has bus service on Scott Road. The site is readily accessible to I-84Ct Rte. 8; Ct Rte. 69. Waterbury Metro North Train Service is a 10 Minute Drive Market: Waterbury Vacancy Rate is 3. 6% . CoStar reports a market vacancy rate of 3. 6 % with no new deliveries in the last 12 Month. There has been limited Multifamily development activity in Waterbury over the last 5 Years. Housing Demographics: Population as of 2023 DECD profile was 114, 356. The Waterbury Plan of Conservation and Development states that population grew to 115, 908 at the end of 2024. There are 50, 577 Housing Units in Waterbury a 1/3 of which were built prior to 1940.
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NMLS Mortgage Loan Originator ID 81725
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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 | $1,017,600 | $1,017,600 | $1,017,600 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.125% | 5.875% | 5.625% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.021% | 5.984% | 5.806% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $5,541 | $6,019 | $8,382 |
| Total Monthly Payment | $5,666 | $6,144 | $8,507 |
* 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.