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Commercial land / redevelopment opportunity overlooking the Connecticut River in a section of South Hadley identified for revitalization. Property consists of a small lot improved with a collapsed commercial structure of no contributory value. The structure is unsafe and not habitable; entry is not permitted. Property is being conveyed strictly as-is, where-is, with all faults, and seller makes no representations or warranties of any kind, express or implied, including but not limited to condition, structural integrity, environmental matters, presence of hazardous materials, floodplain status, utilities, access, zoning compliance, or suitability for any particular use. Any demolition, remediation, redevelopment, or change of use shall be the sole responsibility of the buyer and subject to buyer’s independent due diligence and all required local, state, and federal approvals. River views and location within a transitioning area may offer long-term potential for a qualified buyer.
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Our Executive Mortgage Banker:
Our Insurance Division:
$39,900
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 617.281.4872
Kate.Rockett@raveis.com
NMLS Mortgage Loan Originator ID 1500191
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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 | $31,920 | $31,920 | $31,920 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.875% | 6.375% | 5.490% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.333% | 6.520% | 5.783% |
| Monthly Tax Payment | $102 | $102 | $102 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $189 | $199 | $261 |
| Total Monthly Payment | $366 | $376 | $438 |
* 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.