TOWN APPROVED DEVELOPMENT! Incredible opportunity to develop 120+ acres in Ledyard and conveniently located at the crossroads of two State highways: Routes 117 and 214. Existing and previously approved plans consist of a 36 luxury home development, complete with a 90 stall horse barn. All field work has been completed and will be serviced by private well and shared septic. . . . a developers dream. Begin building by utilizing existing plans or re-envision the site as a 70 unit development complete with clubhouse, pool & gym. Ledyard offers many activities including hosting of the Ledyard Fair on the fairgrounds every September and hosting the popular Yale-Harvard regatta in June. Located close to both Foxwoods and Mohegan casinos. Great location with a short commute to Electric Boat, Pfizer, Coast Guard Academy and shoreline attractions of the Mystic area. Plans available by request for serious buyers only.
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For homebuyers and sellers, our Attorney Network:
$1,500,000
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 Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $1,200,000 | $1,200,000 | $1,200,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.500% | 6.375% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.821% | 6.474% | 6.036% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $6,813 | $7,486 | $10,045 |
Total Monthly Payment | $6,938 | $7,611 | $10,170 |
* 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.