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Realtors are famous for saying how beautiful a property is. You see words like "quintessential" and "exquisite". I'm not going to blow smoke at you here. This is almost certainly a land sale, with a tear down structure on it. The building has some structural issues. I suppose you could try to fix it and make it into a house, but it's probably easier to remove the structure and build a home or put a manufactured home on the lot. Could be pretty cheap living if you do it right. Drilled well on site, septic, and power are on site. Nice level parking/building area along Route 12S, and then the back part of the lot slopes up. Convenient to 89, Northfield, and Norwich University. If you eye this as a building lot with utilities, then you're on the right track. Property conveys with personal property and equipment. Low Density Residential zoning means that it can't operate as a restaurant or a lot of other commercial uses going forward. Just being blunt and honest, hope you appreciate it.
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
|---|---|---|---|
| Loan Amount | $31,200 | $31,200 | $31,200 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.990% | 6.375% | 5.625% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.370% | 6.512% | 5.866% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $187 | $195 | $257 |
| Total Monthly Payment | $262 | $270 | $332 |
* 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.