lot 1 Vallis Way, Lynnfield, MA, 01940 | $1,200,000

LAST LOT AVAILABLE, LOT 1 IS 400' DOWN VALLIS WAY ON LEFT. This is a unique chance to build a dream home on level ground & free of wetlands, which is indeed a rarity. The ongoing street installation, set to complete about SEPTEMBER 2024, adds to the readiness of the site. It's important to note that the price mentioned is for the land only. This gorgeous subdivision, encompassing a scenic 8-acre area, will eventually house just four homes, making it a private and desirable location. The options for building are flexible, Offering the choice of using an independent builder. Prospective buyers or visitors should remember to coordinate with the listing agent before walking or driving on the property, respecting the ongoing construction and paving work. The zoning allowing 4 bedroom homes plus offices is suitable for 3500-7000 sq ft homes. Youtube drone video

Features

  • Amenities: Sidewalks
  • Zoning: RD
  • Lot Desc: Level, Rolling Slope, Wooded, Cul-De-Sac, Curbs & Gutters, Storm Drains, Sidewalks
  • MLS#: 73073585
  • Website: https://www.raveis.com
    /prop/73073585/lot1vallisway_lynnfield_ma?source=qrflyer
The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.
Listing by Rossetti/poti Team courtesy of Coldwell Banker Realty - Lynnfield   Phone: 781-334-5700

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Frank KolbSenior Vice President - Coaching & Strategic, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 81725

203.980.8025

Frank.Kolb@raveis.com

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lot 1 Vallis Way, Lynnfield, MA, 01940

$1,200,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Frank Kolb

Senior Vice President - Coaching & Strategic

William Raveis Mortgage, LLC

Phone: 203.980.8025

Frank.Kolb@raveis.com

NMLS Mortgage Loan Originator ID 81725

5/6 (30 Yr)
Adjustable Rate Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $960,000 $960,000 $960,000
Term 360 months 360 months 180 months
Initial Interest Rate** 5.500% 6.375% 5.875%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.821% 6.474% 6.036%
Monthly Tax Payment N/A N/A N/A
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $5,451 $5,989 $8,036
Total Monthly Payment $5,576 $6,114 $8,161

* 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.