Cabin on 33 acre in Sharon with installed driveway, power and cleared sites this is a fantastic opportunity to use a wonderful 4 bedroom cottage while you build your dream home. The existing cabin provides a charming starting point, and you can either rebuild on the same site or use it as a guest house while constructing your new home. There are numerous sites to choose for the main house development and with selective cutting long views may be unveiled. The property boasts a long and well-designed driveway leading to the house site, which already has power, septic, and a well in place. This property abuts a large estate that maintains conservation restrictions assuring privacy. Additionally the area is a large bio diverse area teeming with the local flora and fauna. Large oak trees, a small brook, stone walls, mountain laurel and significant boulder outcroppings make this property one to explore for hours. Across from the Audubon Center with interactive programs, hiking and raptor rehabilitation, the property is minutes from the village of Sharon and Metro North Trains to NYC. This land offers the rare opportunity of using land while building your dream house.
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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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $604,000 | $604,000 | $604,000 |
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 | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,069 | $4,014 | $5,094 |
Total Monthly Payment | $4,161 | $4,106 | $5,186 |
* 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.