Discover a truly unique property that is a rare find in the market. This exceptional land spans 5. 23 acres and offers breathtaking views of Long Pond. Located just down the road from Foxwoods Casino, it combines natural beauty with a prime location. All necessary approvals are in place, including approval of test hole results and septic design plans from the Ledge Light Health District, as well as permits from the Wetlands Department and Zoning Department. Comprehensive plans are available, covering septic design and placement, driveway layout, house placement, and a full topographic survey. House plans are also available upon request. This land holds significant historical value, overlooking the ancestral fishing grounds of the Eastern and Mashantucket Pequot tribes. The area is rich in history, with connections to the Main family, who were prominent in Ledyard. Conservation efforts in the region are supported by the Lantern Hill Valley Alliance, local tribes, and the Alliance for the Mystic River Watershed. Additionally, the property includes access to a public right of way with a boat launch on Long Pond, and a right of way leading to the Town of Ledyard's historic Thomas B. Main Cemetery, which was documented by an Eagle Scout project in 2014. Don't miss this extraordinary opportunity to build your dream home on a site full of history and natural beauty.
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William Raveis Real Estate
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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 | $159,920 | $159,920 | $159,920 |
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 | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,077 | $1,063 | $1,349 |
Total Monthly Payment | $1,152 | $1,138 | $1,424 |
* 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.