50 ACRE SECLUDED LAKE ON 644 ACRE WILDERNESS TRACT including 3 smaller ponds, 2 streams in Connecticut's quiet Northeast corner. Absolute peace, quiet and security with no public access. With 9, 000' of direct water frontage, the lake affords numerous building sites some with sunrise/sunset views along with private boating, swimming and fishing. For the nature lover, this is heaven on earth with abundant wildlife, no traffic noise, unparalleled star gazing. Miles of gravel roads provide vehicular access to the interior hidden lake and ponds. For the developer, the entire tract is approved for 135 cluster lots (30 lots in Phase 1 completely engineered). Zoning regulations allow and recorded engineering data indicate the feasibility for various other uses including family compound, large estate lots, recreational, corporate headquarters, etc. Seller options: 240+/- acres with 15 acre pond $2, 500, 000 (Listing # 170604362) or 400+/- acres with big lake and 2 smaller ponds $4, 500, 000 (Listing # 170604053). Distance to Providence 20 miles, Foxwoods Casino 30 mi, Hartford 45 miles, Boston 55 miles, New York City 145 miles. Several major airports are within one hour's drive. Local airstrips are also available for smaller aircraft.
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William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
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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 | $4,720,000 | $4,720,000 | $4,720,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.750% | 6.500% | 6.000% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.844% | 6.597% | 6.158% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $27,545 | $29,834 | $39,830 |
Total Monthly Payment | $27,670 | $29,959 | $39,955 |
* 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.