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Where can you find a house (that needs work) on 15 acres for this price? Almost nowhere and never! But, you will need to roll up Your Sleeves - This attractive looking country home on over 15 acres will need a complete interior redo, everything, from insulation to wiring, to interior walls, foundation and support work, heating system, everything. The siding is good and the roof is good and fairly new but assume that just about everything else needs work. The preferred buyer should be able to pay cash or otherwise with need to provide pre-approval from a lender for a construction loan. The house is probably not habitable at this time. There are two easements, one runs deep underground for the Hoosac Tunnel along the northern property boundary and the other runs north south through the middle of the property. Neither of these would restrict access to any of the land but you could not build within either easement area. The property lies within the R4 district requiring a minimum of 75' of frontage and 1/4 acre in lot size thus the property could be divided into 3 parcels. All offers must include proof of funds for cash or pre-approval from a lender. A single deposit of $4, 000 payable to Harsch Associates should accompany the offer. No second deposit is needed. Due to the high level of interest and multiple expressions of full price offers it is requested that offers be "Highest and Best" and preferably include confirmation that the buyer's attorney has already reviewed and approved the buyer's offer forms. Offers will be reviewed beginning on Monday with a target deadline for a decision and selection by Tuesday June 2 at 5pm. The seller will have a three-business day attorney review right, up to 5 pm on Friday June 5. It is requested that buyers state affirmatively that their attorney has reviewed and approved the submitted offer. Alternatively, they can include their attorney three-day review provision.
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William Raveis Mortgage, LLC
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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 | $60,000 | $60,000 | $60,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.000% | 6.375% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.374% | 6.524% | 5.933% |
| Monthly Tax Payment | $227 | $227 | $227 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $360 | $374 | $498 |
| Total Monthly Payment | $662 | $676 | $800 |
* 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.