Presenting French Hill Estates; an 18 LOT WOODED APPROVED SUBDIVISION! Nestled in the hills of Litchfield County. This subdivision is in an R-12. 5 zone and features lots for everyone. They range from 13, 800 square feet up to 69, 129 square feet. The subdivision creates its own ambiance on 14 ACRES with a varying wooded topography that affords a measure of privacy, two conservation easements, a winding brook, and a cul-de-sac. All 18 lots will be serviced by MUNICIPAL water and sewer. Watertown offers a low mill rate and easy access to Route 8 and I-84 for commuters and shoppers. It is unique because it is central to all Town amenities, and on the same street as the fire house, police station, high school and an elementary school. To a developer time is money. Getting involved with French Hill Estates as an approved subdivision affords you the opportunity to BY-PASS all of the approval procedures that developers have become accustomed to experiencing. APPROVALS EXPIRE AS FOLLOWS: SUBDIVISION ZONING APPROVAL AND WETLANDS -12/23/2029 This is a shovel in the ground opportunity, and a chance to get onboard now in a rising market! MOVE QUICK!
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Phone: 203.980.8025
Frank.Kolb@raveis.com
NMLS Mortgage Loan Originator ID 81725
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $640,000 | $640,000 | $640,000 |
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 | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,312 | $4,254 | $5,397 |
Total Monthly Payment | $4,404 | $4,346 | $5,489 |
* 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.