21 Newgate Road, East Granby, CT, Connecticut, property flyer

21 Newgate Road, East Granby, CT, 06026 | $850,000

Unique and versatile 20+ acre parcel of land located in East Granby, Connecticut. This "land island" is surrounded by state and/or town roads on all sides, making it an interesting property with a range of potential uses. Here are some of the highlights and possibilities for this property: Residential Development: The land could potentially be developed for residential purposes. It could be subdivided into multiple residential lots for single-family homes or other housing types. Commercial Development: With road frontage and three-phase power available, the property could be used for commercial development. It might be suitable for businesses, offices, or retail establishments. Greenhouse and Agricultural Use: The existing greenhouse with a snow-load-rated foundation and other features could support agricultural activities or a nursery. The land's size also allows for farming or agricultural uses, and there's even a pond and fruit trees on the property. Subdivision for Housing Development: The property could be subdivided into a housing development, given the presence of large luxury homes in the vicinity. This could be an attractive option if the local zoning regulations allow for it. See Attached for more details and options for this property. Seller will share numerous building plans upon request. It's important to note that before pursuing any of these options, it would be advisable to consult with local authorities and zoning regulations to determine what uses are permi

Features

Zoning: A
Frontage: Interstate Highway,Municipal Street,Paved Road

Lot Desc: Some Wetlands,Lightly Wooded,Treed,Farm Land
MLS#: 24038788

Website: https://www.raveis.com
/prop/24038788/21newgateroad_eastgranby_ct?source=qrflyer

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Listing courtesy of Keller Williams Realty-Longmdw

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NMLS Mortgage Loan Originator ID 81725

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21 Newgate Road, East Granby, CT, 06026

$850,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Frank Kolb

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	$680,000	$680,000	$680,000
Term	360 months	360 months	180 months
Initial Interest Rate**	5.750%	6.500%	6.000%
Interest Rate based on Index + Margin	8.125%
Annual Percentage Rate	6.844%	6.597%	6.158%
Monthly Tax Payment	N/A	N/A	N/A
H/O Insurance Payment	$92	$92	$92
Initial Principal & Interest Pmt	$3,968	$4,298	$5,738
Total Monthly Payment	$4,060	$4,390	$5,830

* 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.