This rare 11. 66-acre land in Ridgefield offers an exceptional opportunity for development. The property can be divided into three single-family parcels, allowing for the construction of three separate homes. Alternatively, it has the potential to accommodate up to six detached homes as a Planned Urban Development, providing a great option for developers. Furthermore, this expansive plot of land can also be utilized to build a compound, allowing for multiple residences to be constructed in close proximity to one another. The location of this land is highly advantageous, being in close proximity to the center of town. This ensures easy access to various amenities such as shopping centers, restaurants, and recreational facilities. Whether it be for convenience or entertainment, residents will have everything they need within a short distance. Overall, this 11. 66-acre land in Ridgefield presents an incredible opportunity for development, providing flexibility, making it an ideal investment for those looking to create their dream homes or embark on a development project. Builder to obtain BOH and Subdivision approvals.
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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 | $594,000 | $594,000 | $594,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.477% | 7.159% | 6.296% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,952 | $3,948 | $5,009 |
Total Monthly Payment | $4,044 | $4,040 | $5,101 |
* 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.