63-69 Depot Rd, Oxford, MA, Massachusetts, property flyer

63-69 Depot Rd, Oxford, MA, 01540 | $110,000

Rare opportunity for potential future development within an established private cul-de-sac setting at the Villas at Shady Glen. Situated between 63 and 65 Depot Rd, this parcel presents a unique chance to complete an existing condominium association consisting of four free-standing buildings with a total of five units (including one duplex), creating a cohesive and desirable residential enclave. Located on a private street, the lot is believed to meet requirements as a formable lot; however, buyers are responsible for all due diligence and required zoning relief. Preliminary discussions with the town indicate a variance may be required due to private way frontage, see remarks below. A full engineered subdivision site plan, along with a proposed plot plan including building envelope and footprint, is available to assist buyer's application process. This property presents an attractive entry point for experienced builders or developers seeking a value-add project with upside potential

Features

Amenities: Shopping, Highway Access
Zoning: r3

Lot Desc: Level, Cleared
MLS#: 73496722

Website: https://www.raveis.com
/prop/73496722/6369depotrd_oxford_ma?source=qrflyer

The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.
Listing by Suzann Gavin courtesy of Northeast Properties Real Estate LLC Phone: 978-423-1831

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Kate RockettRVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 1500191

617.281.4872

Kate.Rockett@raveis.com

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63-69 Depot Rd, Oxford, MA, 01540

$110,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Kate Rockett

RVP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 617.281.4872

Kate.Rockett@raveis.com

NMLS Mortgage Loan Originator ID 1500191

	5/6 (30 Yr) Adjustable Rate Conforming*	30 Year Fixed-Rate Conforming	15 Year Fixed-Rate Conforming
Loan Amount	$88,000	$88,000	$88,000
Term	360 months	360 months	180 months
Initial Interest Rate**	5.990%	6.375%	5.375%
Interest Rate based on Index + Margin	8.125%
Annual Percentage Rate	6.403%	6.508%	5.668%
Monthly Tax Payment	N/A	N/A	N/A
H/O Insurance Payment	$75	$75	$75
Initial Principal & Interest Pmt	$527	$549	$713
Total Monthly Payment	$602	$624	$788

* 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.