Currently there is a 2-family home on this property but, The Value is in the Land! This property is located on 0.67 acres with 264 ft of road frontage. Last month the Town of Stratford Zoning Board implemented new zoning regulations which opens up a-lot of new development possibilities for this property. One of the changes is that the minimum lot area per family dwelling per unit went from 5,000sf to 2,500sf. You can possibly build several 3 or 4 multifamily homes, apartment building, condo's or affordable housing (830-G). Buyers must do their own due diligence. House being sold "As Is". Also listed as CI (MLS 24068592) & 2F (MLS 24067328).
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Listing courtesy of Lisa English, Coldwell Banker Realty Email: lisa.english@cbmoves.com
460 Stonybrook Road, Stratford, (Stonybrook), CT, 06614
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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