Wilbraham - acreage with the ability to develop. This parcel of land abuts Wilbraham Country Club and is very flat and open. One could live right on the edge of the fairway of one of the fairways. The opportunities are endless for what one could do with the property. It would make an excellent equestrian center with ample room for an indoor riding arena and plenty of open outdoor riding as well. The property produced quality hay for many years and the fields will continue to produce if that was desired. This parcel would also make a wonderful hobby farm right out your own back door. Come build your dream home and work the land and raise all your own fruits and vegetables as well as any livestock that you would like to manage. This is truly a once in a lifetime opportunity to own such a spectacular piece of property in Wilbraham. This has been in the same family's ownership for a lifetime. Buyer should do their due diligence and verify all property potential uses with the town.
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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 | $1,199,200 | $1,199,200 | $1,199,200 |
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 | $6,809 | $7,481 | $10,039 |
Total Monthly Payment | $6,934 | $7,606 | $10,164 |
* 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.