PROPERTY IS LOCATED IN AN OPPORTUNITY ZONE WITH SIGNIFICANT FEDERAL TAX INCENTIVES TO AVOID CAPITAL GAINS FROM OTHER PROJECTS. HILL TOP LOCATION WITH 5 MILE VIEWS. SHOVEL READY PLANS FOR 65 UNITS (SEE ATTACHMENTS) TO BE SEPARATED BY A LOT LINE ADJUSTMENT FROM LARGER PARCEL PLANNED FOR 300 TOTAL UNITS. ASKING IS $10,000 PER UNIT FOR THE 65 UNITS BUYER CAN OBTAIN AN OPTION FOR THE BALANCE AT REDUCED COST. PDF OF SITE PLANS AVAILABLE.
Frontage:
Municipal Street
Utilities
Electric Available,Gas Available,Phone Available,Cable Available
Lot Description:
City Views,Additional Land Avail.,Water View
Elementary School:
Per Board of Ed
Middle School:
Per Board of Ed
High School:
Norwich Free Academy
Copyright ©2024 SmartMLS, Inc.
Listing courtesy of Daniel Del Grosso, Best Brokers Email: dandelgrosso@att.net
30 Hinckley Street, Norwich, CT, 06360
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) 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.
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