88 Wallace Avenue is a ±5.78 acre parcel of land that was approved for a 9-lot single family subdivision in 2010. The Town of Auburn recognizes each lot as 1-9 Helens Way. Real estate taxes and assessment is for all 9 lots combined as Town has an assessment on each lot. Land area being sold together. Approved subdivision plans are recorded at the Worcester Registry of Deeds Plans Book: 00880 and Page:21. Current ownership believes that duplex development could be achieved with a reconfiguration of the plans. Zoned Residential B - single family development is allowed by-right. Two-family detached dwelling and town house development require special permit and apartment development requires site plan approval.
Lot Description:
Gentle Sloping
Amenities:
Shopping, Park, Highway Access, Public School
Facilitator Compensation:
0
Compensation Based On:
Gross/Full Sale Price
Sub-Agency Relationship Offered:
No
88 Wallace Avenue, Auburn, MA, 01501
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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