280 Gorham Hill Road, Gorham, NH, 03581 | $399,900

Welcome to your personal gateway to the White Mountains in Gorham, NH! This 76. 6 +/- acre property features one +/- acre of cleared land that offers the potential for a future homesite with incredible mountain views of the Northern Presidential Range! Just imagine enjoying views of prominent ridgelines, including Mount Madison, Mount Adams, Wildcat Mountain & Carter Dome just to name a few, from your own property. A shared, paved driveway offers easy access off Gorham Hill Road – also known as NH Route 2. Power runs along the road frontage & high-speed internet, TV & phone service are available. The nearby downtown Gorham offers plenty of amenities, restaurants & shops. Two separate road frontage portions offer options for the prospects of building your dream home if appropriate septic can be identified per state regulations. With the entire property located in the Residential B zoning district, town zoning may allow for future subdivision & development. Town officials say despite municipal water being located on RT-2, the allocation is too low, so a private well & a private septic system are best suited for development. Reclaim the old logging roads on the property for a great, private trail network for your personal enjoyment or go experience the seemingly endless nearby recreation from hiking & skiing in the White Mountain National Forest, Wildcat Mountain Resort or Moose Brook State Park to riding the various ATV trails or kayaking the nearby Androscoggin River!

Features

  • Zoning: Residential B
  • Frontage: 526
  • Lot Desc: Rural,Country Setting,Field/Pasture,Mountain View,Recreational,Slight,Sloping,Trail/Near Trail,View,Wooded
  • Elem. School: Edward Fenn School
  • Middle School: Gorham Middle School
  • High School: Gorham High School
  • School District: Gorham School District SAU #20
  • MLS#: 4956095
  • Website: https://www.raveis.com
    /prop/4956095/280gorhamhillroad_gorham_nh?source=qrflyer
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Listing courtesy of Preferred Properties   Phone: 802-862-9106
Listing Agent: Curtis Trousdale

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280 Gorham Hill Road, Gorham, NH, 03581

$399,900

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

5/6 (30 Yr)
Adjustable Rate Conforming*
30 Year
Fixed-Rate Conforming
15 Year
Fixed-Rate Conforming
Loan Amount $319,920 $319,920 $319,920
Term 360 months 360 months 180 months
Initial Interest Rate** 7.125% 6.990% 5.990%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.456% 7.171% 6.276%
Monthly Tax Payment N/A N/A N/A
H/O Insurance Payment $75 $75 $75
Initial Principal & Interest Pmt $2,155 $2,126 $2,698
Total Monthly Payment $2,230 $2,201 $2,773

* 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.