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Rare opportunity at 224 Putnam Ave in Hamden featuring approximately 0. 9 acres with potential for future development opportunities. In addition to the existing 3-bedroom, 2. 1-bath home, the property offers a spacious rear portion of land with possible townhouse development potential for approximately 5-10 units, please do your own research regarding, zoning regulations, inland/wetlands review, and all necessary municipal approvals. Property includes rear egress access, creating additional flexibility for future site planning and potential expansion possibilities. The existing home offers generously sized living spaces, abundant natural light, multiple gathering areas, well-proportioned bedrooms, and functional flow throughout. The expansive lot provides privacy and ample room for outdoor enjoyment, recreation, gardening, or entertaining while remaining conveniently located near shopping, dining, parks, universities, and major commuter routes. Whether you're seeking a primary residence, investment opportunity, or property with future development potential, this unique parcel offers exceptional versatility in a desirable Hamden location. Buyers, please perform your own research regarding subdivision, zoning, utility access, density, and development feasibility. Schedule your private showing today.
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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 | $431,920 | $431,920 | $431,920 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.250% | 6.750% | 5.875% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.634% | 6.890% | 6.078% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $2,659 | $2,801 | $3,616 |
| Total Monthly Payment | $2,751 | $2,893 | $3,708 |
* 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.