DOWNTOWN WATERFRONT - RIPARIAN RIGHTS - DEEPWATER ACCESS! A very unique opportunity to create a Downtown Dover Waterfront Community. This waterfront combination of three parcels offers 368+/- feet of water frontage, and 290+/- feet of frontage on Cocheco St / Portland Ave, and add to that the priceless riparian rights, and this is for sure a rare commodity. Deep water docking available with direct access via the Cocheco River to Great Bay and the Ocean. The possibilities for development are very optimal in Downtown Dover within the City Center. Dover is one of the fastest growing Cities in the United States, with the history of being the 7th Settlement within the whole USA having been founded in 1623. It is a very vibrant fast growing City with a population of over 30, 000 and a catchment area of an over 100, 000 population in the surrounding areas within easy reach. The City of Dover Form based zoning is favorable for maximum use of this property for commercial mixed use development. Don't Miss Out!
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $3,000,000 | $3,000,000 | $3,000,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.750% | 6.500% | 6.000% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.844% | 6.597% | 6.158% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $17,507 | $18,962 | $25,316 |
Total Monthly Payment | $17,632 | $19,087 | $25,441 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first 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.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.