LITCHFIELD HILLS SECLUDED 15+/- ACRE LAKE fed by the pure headwaters of the Bantam River and natural springs. Formerly owned by the Litchfield Water Company, this deep cold trout lake once supplied the town of Litchfield, CT with its drinking water. Today it is privately owned and surrounded by almost 300 acres of surveyed forest land in Northwest Connecticut's Litchfield Hills. With its approximately 2, 000' shore line, the reservoir provides numerous possibilities for multiple home sites, a grand estate or other uses allowed by zoning. The Bantam River gently cascades from the earthen dam spillway providing a series of mini waterfalls and the unique sounds of falling water. A gravel drive extends into the property from the end of Reservoir Rd allowing easy vehicular access to the interior along with the means to extend electric power. Another means of ingress/egress is from Pie Hill Rd on the North. The Westerly portion of the property abuts 108 acres of a non-development farm. Bordering the East are 161 acres of Conservation land and 2, 000' of Ivy Mountain Brook affording excellent trout fishing as well. New York City 2 hrs, Bradley International Airport 1 hr, Boston 2-1/4 hrs, Tanglewood 45 min, Music Mountain 15 min. (Owner is a licensed CT RE broker).
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William Raveis Real Estate
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Contact@raveis.com
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 | $3,560,000 | $3,560,000 | $3,560,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.625% | 6.375% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.795% | 6.472% | 5.966% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $20,493 | $22,210 | $29,801 |
Total Monthly Payment | $20,618 | $22,335 | $29,926 |
* 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.