Rare opportunity to purchase this newly approved .25-acre lot located in Stonington Borough (just north of the RR) that offers some nice water views of Little Narragansett Bay. Located on a quiet dead-end street and just a quick walk north to enjoy the vibrant Velvet Mill offering the very popular Farmers' Market, restaurants, Beer'd brewery, a bakery along with a collection of artists' studios or stroll into the Village to enjoy shopping, dinner or many of the wonderful cultural events!
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Listing courtesy of Thomas Switz, Switz Real Estate Associates Email: switzre@aol.com
10 Summit Street, Stonington, (Stonington Borough), CT, 06378
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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