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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.
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,300,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 860.604.0905
JohnCarlos.Machado@raveis.com
NMLS Mortgage Loan Originator ID 2064879
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $1,040,000 | $1,040,000 | $1,040,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.250% | 6.000% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.071% | 6.108% | 6.056% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $5,743 | $6,235 | $8,706 |
Total Monthly Payment | $5,868 | $6,360 | $8,831 |
* 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.