Welcome Developers & Builders to Egret Drive, a fully permitted, perced, shovel ready, 6 lot subdivision containing 38 acres. The entire subdivision & each individual lot are all permitted. All lots have marsh views ranging in size from 2. 13 to 8. 75 ac set within with an old growth forest with numerous stonewalls. A true Birders paradise. This is an enclave of estate type lots set in a convenient location only 10 minutes to downtown Newburyport & Salisbury Beach. The three largest lots have potential access to the Little River waterway and all the Lots are out of the Flood Zone. The proposed asphalt Egret Dr. , crushed stone shared driveway(s) and utilities are not in place & are buyer’s responsibility. The current list price is for the 6-lot subdivision however seller would prefer to retain one Lot, and is open to negotiation. Successful Perc tests were conducted in 6/2022 to 9/2022 and 1/2023.
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Our Executive Mortgage Banker:
Our Insurance Division:
$924,000
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 | $739,200 | $739,200 | $739,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.625% | 6.500% | 6.000% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.955% | 6.612% | 6.182% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,255 | $4,672 | $6,238 |
Total Monthly Payment | $4,347 | $4,764 | $6,330 |
* 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.