Presented byBroder Team |
Rare opportunity to own 1. 9 acres of private waterfront front property in Clinton. Enjoy amazing views and serenity in this amazing location. Build your dream home, use the existing "carriage house" structure for storage or possible work space (town approval will be needed). With the purchase you will own a small portion of the existing private 5 acre pond, perfect for year round fishing. The existing two story structure is 2000 square feet in total. The ground level has a three car garage, while the second level has many potential uses including apartment, office, artist's loft and more. The structure can currently fit a boat and other recreational vehicles or an RV and has electricity. Any uses beyond existing uses must be verified with the Town of Clinton (seller or agent makes no representation regarding possible uses). The sale is subject to the release of the lot from the existing property with approvals needed from both the current lender and the town. The buyer will be responsible for all approvals and any utilities/septic that is needed. Seller will be responsible for lot split once an agreement is in place. A private driveway is already in place. Please note, this is NOT yet an approved building lot at this time. The address 19A Brickyard is not an existing lot. Town has no info on this parcel.
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William Raveis Real Estate
Phone: 860.313.1300
BroderGroup@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 860.990.2486
paul.addamo@raveis.com
NMLS Mortgage Loan Originator ID 93047
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $160,000 | $160,000 | $160,000 |
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 | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,078 | $1,063 | $1,349 |
Total Monthly Payment | $1,153 | $1,138 | $1,424 |
* 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.