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Lot1 Marcy Rd, Otis, MA, 01253 | $829,000
New Construction!! Three bedroom contemporary chalet to be built on a 17 acre portion of the 1800's E. B. Palmer farm. Two owners in a construction company partnership bought the property 20 years ago with the idea that each would build a personal home on the acreage. Life changed. Now semi retired, they are contracting with a builder of quality manufactured homes to build modern, efficient homes on the property. Marcy Road is a lightly populated, town maintained road 1. 5 miles from Route 8. Easily accessed from NY, CT & the Mass Pike and convenient to many Berkshire attractions. The massive 2. 5 acre Otis Town Beach on 300+ acre Big Pond is less than 5 miles away. The lot is forested with frontage on both sides of Dimmock Brook. Perc tests are schedule for as soon as conditions permit. Th New Construction!! Three bedroom contemporary chalet to be built on a 17 acre portion of the 1800's E. B. Palmer farm. Two owners in a construction company partnership bought the property 20 years ago with the idea that each would build a personal home on the acreage. Life changed. Now semi retired, they are contracting with a builder of quality manufactured homes to build modern, efficient homes on the property. Marcy Road is a lightly populated, town maintained road 1. 5 miles from Route 8. Easily accessed from NY, CT & the Mass Pike and convenient to many Berkshire attractions. The massive 2. 5 acre Otis Town Beach on 300+ acre Big Pond is less than 5 miles away. The lot is forested with frontage on both sides of Dimmock Brook. Perc tests are schedule for as soon as conditions permit. The final survey will be completed soon after. Electric, phone and fiber optic are in place on the street. Description of Home: The main level's open floor plan includes a great room with fireplace, cathedral ceiling, sunroom and sliders to the deck. The primary bedroom opens onto the deck and features a walk in closet, bath with jet tub & shower stall. Upstairs the loft overlooks the great room and leads to two roomy bedrooms - both with walk in closets - which share a full bath. A two car garage is attached. The walkout lower level has over1400 square feet of unfinished space which could also be custom finished.
Features
- Amenities: Deck, Privacy, Deciduous Shade Trees, Fireplace (s), Cedar Closet(s), Cathedral Ceilings, Stone Countertop
- Rooms: 7
- Bedrooms: 3
- Baths: 2 full / 1 half
- Lot Size: 871,200
- Style: Contemporary, Chalet
- Year Built: 2025
- Garage: 2-car Attached, Auto Opener
- Heating/Cooling: Hot Water
- Basement: Full, Unfinished, Walkout, Interior Access
- Approx Sq. Feet: 1,798
- Acreage: 17
- Lot Size: 871,200
- Lot Desc: Wooded
- Elem. School: Farmington River
- Middle School: Choice
- High School: Choice
- Appliances: None
- MLS#: 249160
- Days on Market: 7 days
- Website: https://www.raveis.com
/prop/249160/lot1marcyrd_otis_ma?source=qrflyer
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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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Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
Lot1 Marcy Rd, Otis, MA, 01253
$829,000
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 Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
|---|---|---|---|
| Loan Amount | $663,200 | $663,200 | $663,200 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.250% | 6.000% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.069% | 6.110% | 5.932% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $3,662 | $3,976 | $5,507 |
| Total Monthly Payment | $3,754 | $4,068 | $5,599 |
* 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.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
MA Mortgage Lender and Mortgage Broker #MC2630