Opportunity awaits on Keith Drive and Jeffrey Lane! With over 16 acres off of Route 202 and Davis Boulevard in Rochester, this area offers subdivision development potential (please check with the City of Rochester and State of NH regarding approvals needed). Great commuting location to a wide range of destinations, with quick access to Route 125 and Route 16, you'll enjoy being close to restaurants, breweries, shopping, and more. The property’s location is also a gateway to some of New Hampshire's most popular regions, including 25 minutes to the Lakes Region and Lake Winnipesaukee, 30 minutes to Portsmouth, one hour to the White Mountains and one hour to Portland adds to the appeal of this area. There are 21 individual lot sizes on ranging from . 23 acres to . 52 acres (total of 6. 03 acres combined, each with their own separate tax card) and includes over 60% of open space acreage (the four open space areas total 10. 12 acres combined). This land is currently undeveloped, R-1 zoning with town water and sewer available. Whether you're a seasoned developer or a savvy investor, this property offers an exceptional opportunity to develop to meet the rising demand for housing in this part of New Hampshire. Don't delay, buy the dirt! Seller financing is available, please reach out for more information.
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $640,000 | $640,000 | $640,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.551% | 7.159% | 6.276% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,258 | $4,254 | $5,397 |
Total Monthly Payment | $4,350 | $4,346 | $5,489 |
* 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.