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To be built similar. Quality built and energy efficient, this 3 bedroom, 2. 5 bath Custom Raised Ranch style home with 2 car garage will be built on private 1. 47 acre lot. Part of the Ashford Lake Association community, you'll have lake views and access right down the street. This custom built home features high quality amenities and energy efficient construction. The main level has cathedral ceiling with an open floor plan and features hardwood floors in fireplaced living room, dining area and kitchen. The kitchen also features solid wood cabinetry and granite counters. A primary bedroom suite with it's private bath and walk in closet, two additional bedrooms and full bath finish the main level. On the lower level you'll find additional living space with a half bath and laundry area as well as a large family room for entertaining. Unfinished storage space and 2 car garage make up the remainder of the lower level. This home will have central air and energy efficient upgrades to drastically reduce your costs for heating and cooling. Construction to begin once contract is received so there is the option to make changes to the plans and pick your finishes. Current tax information is for lot only; full assessment on home will not be done until after construction is completed. Great lot located with access to restaurants, shopping, universities, and major routes. You can be in your new home in 2026! Elm Tree Lending is builder's preferred lender and buyers have option to work with them; they offer construction loans with as little as 5 percent down; see additional information on lenders construction loan program in attachments.
| Type | Description | Level |
|---|---|---|
| Bedroom 1 | Wall/Wall Carpet | Main |
| Bedroom 2 | Wall/Wall Carpet | Main |
| Dining Room | Sliders,Hardwood Floor | Main |
| Family Room | Wall/Wall Carpet | Lower |
| Kitchen | Granite Counters,Hardwood Floor | Main |
| Living Room | Gas Log Fireplace,Hardwood Floor | Main |
| Primary BR Suite | Full Bath,Walk-In Closet,Wall/Wall Carpet | Main |
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William Raveis Real Estate
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William Raveis Mortgage, LLC
Phone: 203.980.8025
Frank.Kolb@raveis.com
NMLS Mortgage Loan Originator ID 81725
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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 | $419,920 | $419,920 | $419,920 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.875% | 6.125% | 5.375% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.357% | 6.304% | 5.648% |
| Monthly Tax Payment | $94 | $94 | $94 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $2,484 | $2,551 | $3,403 |
| Total Monthly Payment | $2,670 | $2,737 | $3,589 |
* 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. The Total Monthly Payment does not include the estimated HOA/Common Charge payment.