DEVELOPERS-BUILDERS-INVESTORS. Beat the Growing Shortage of Approved Building Lots in Southeast/Central CT with this SINGLE opportunity! LAKEWOOD ESTATES OFFERS FULLY APPROVED PLAN OF DEVELOPMENT (POD) of 32 SINGLE FAMILY BUILDING LOTS! Investigating this Shovel Ready Project is a MUST for Serious Developers, Builders, and Entrepreneurs Alike! Located in Hebron CT a Town with a Vision for Smart Growth and Development Lakewood Estates is an OPEN SPACE POD Designed as an Environmentally Conscious Green-Way Residential Development! Featuring 32 Home Sites Ranging from . 7 Ac to 3. 3 Ac Spread Across 53+ Acres Surrounded by 71+ Acres of Naturally Preserved Dedicated Open Space Lands! The approved 3 Phase POD Calls for Construction of Two Permanent Cul-de-sac Roads Served By Under Ground Utilities, Sewers, and Individual Water Wells! OPTIONAL ALTERNATIVE PLAN OF DEVELOPMENT (POD) for consideration demonstrates the potential for 17 Larger Sized Lots with Substantial Reduction in Infrastructure Costs! Preliminary RE-DESIGN POD reduces Road Length to 1400 Ft Yielding HUGE Reduction in Development Costs! Available Documents Include Approved Subdivision Plan, Road & Utility Engineering, Conditions of Approval, Delineated Recorded Open Space & Wetland Areas. This Development with its Hebron Location Offers EZ commute to Hartford's Capital Region Area, Manchester, Willimantic, Norwich-New London Employment Centers As Well as the Campus' of UCONN and ECSU!
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William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Senior Vice President - Coaching & Strategic
William Raveis Mortgage, LLC
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 | $343,920 | $343,920 | $343,920 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.477% | 7.159% | 6.498% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,288 | $2,286 | $2,949 |
Total Monthly Payment | $2,363 | $2,361 | $3,024 |
* 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.