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423 Furman Lane -- A Prime Development Opportunity with Built-In SupportThis opportunity presents a rare chance to secure a strategically positioned parcel ideal for single-family homes, multi-family residences, or a mixed-use residential concept, subject to applicable zoning. This property offers the kind of flexibility and scale that developers value--whether you're envisioning a boutique cluster of homes or a higher-density residential plan. The site's layout, access, and surrounding growth patterns make it especially attractive for forward-thinking builders and investors. With strong demand in the area and continued expansion across the region, this stands out as a land opportunity with both immediate and long-term upside. What sets this offering apart is not just the land itself, but the team standing behind it. Our development specialists are ready to support your due diligence process with a comprehensive development strategy already in hand. Guidance on zoning pathways and allowable uses. Preliminary insights into infrastructure, utilities, and site feasibility. Coordination with local professionals to streamline your evaluation. Whether your vision leans toward single-family lots, town-homes, or multi-family housing, 423 Furman Lane provides the foundation--and the support--to bring that vision to life. This is more than a land listing. It's a development opportunity backed by a team committed to helping you move from concept to execution with confidence.
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Our Executive Mortgage Banker:
$250,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
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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 | $200,000 | $200,000 | $200,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.250% | 6.490% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.474% | 6.640% | 5.972% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $1,231 | $1,263 | $1,661 |
| Total Monthly Payment | $1,306 | $1,338 | $1,736 |
* 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.