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Opportunity awaits! Just minutes away from Alton Bay, Lake Winnipesaukee and Merrymeeting lake. This property has 2 residences on it and a large 2 car garage/automotive shop. One property is a NEW CONSTRUCTION home with a poured concrete foundation and new framing a roof. Property was not finished construction and is just framed with a new architectural shingle roof. Waiting for you to finish! It was permitted for a 2 bed, 2 bath home. Another residence exists which is the ranch style home closer to the road. That property is in disrepair and likely needs to be demolished. A large automotive shop is on the property with a car lift and tools inside. This property is zoned mixed use so the new owner could run their automotive or other business from the shop. The shop would work for a machinist, woodworking, automotive, autobody or BOAT WORK being close to New Hampshire major lakes; or simply a car enthusiast or someone looking for lots of storage. A looped driveway gives you easy access to park, exit on the road, and move vehicles around. The wooded location has trees and seclusion. Finish the new construction home and have yourself an excellent property with lots to offer!
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$250,000
William Raveis Real Estate
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $200,000 | $200,000 | $200,000 |
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 | 7.841% | 7.159% | 6.518% |
Monthly Tax Payment | $205 | $205 | $205 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,331 | $1,329 | $1,715 |
Total Monthly Payment | $1,611 | $1,609 | $1,995 |
* 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.