Unlimited potential awaits with an opportunity to acquire 12. 66 acres in the golden triangle, a prime location in backcountry Greenwich. The existing house, located on 4 acres, is available to be purchased along with 960 Lake Ave, offering an additional 8. 66 for a total of 12. 66 sub-dividable acres. The property is quiet and very private. Build your dream home, a family compound or 3 separate homes, all with possibilities to include pools, guest homes, tennis courts, and great potential to be an amazing equestrian property, located directly on the GRTA trail system. Live very comfortably in the existing updated home while construction takes place. The owner is happy to work with the buyer to build a custom home if desired. Must see to appreciate the existing home as well as property. Ideal for a family compound, live in existing house as is or expand and build 1-2 more homes on 960 Lake ave (included in this price). Also, great for investors.
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William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 203.952.8600
Joseph.Mollica@raveis.com
NMLS Mortgage Loan Originator ID 130058
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $7,596,000 | $7,596,000 | $7,596,000 |
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 | $44,328 | $48,012 | $64,099 |
Total Monthly Payment | $44,453 | $48,137 | $64,224 |
* 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.