Rarely available developable land near the Amherst/Hadley line. Approximately 4.509 acre parcel located directly off of Rt. 9 in the Greenleaves neighborhood, surrounded by residential condos and apartments. Zoned PRP (Professional and Research Park). Initial permits approved for a 98 unit assisted living facility. Appraised in 2021 for $1,920,000. Mostly flat and partially cleared. Gas, electric, public water, and sewer connections available nearby. Great development opportunity tucked into a quiet area, seconds from the Rt. 9 retail corridor. Minutes from Mountain Farms Mall, Hampshire Mall, UMass Amherst, Amherst College, Hampshire College, and downtown Amherst. Only 6 miles from downtown Northampton and 10.2 miles from Mt. Holyoke College. Convenient access to area amenities/recreation, including the Norwottuck Rail Trail and conservation areas. Listed significantly below appraised value.
Lot Description:
Flood Plain, Wooded, Cleared
Amenities:
Shopping, Bike Path, University, Other
Facilitator Compensation:
0
Compensation Based On:
Net Sale Price
Sub-Agency Relationship Offered:
No
30 Greenleaves Dr, Amherst, MA, 01002
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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