Discover the perfect canvas for your future home on this idyllic 3-acre lot in the highly desirable low-tax town of Newbury. Nestled just minutes from Lake Sunapee and the renowned Vail owned Mount Sunapee Resort, this property offers year-round recreation and scenic beauty at your doorstep. This lot comes with a state-approved driveway and permit, power at the road, and a state-approved 3-bedroom septic design—taking the guesswork out of your planning process. As part of the Sunapee Hills Association, you’ll enjoy private access to the tranquil Chalk Pond, a 21-acre no-motor pond perfect for swimming, paddling, and unwinding. Association amenities include a sandy beach, playground, and tennis courts, all just a short bike ride from your new property. Beyond the natural beauty, this location is within walking distance to the Sunset Hill Hiking Trail and the historic Fells Estate and Gardens and less than a 10-minute drive to downtown New London, where you’ll find restaurants, shops, and more. Opportunities like this are rare in such a sought-after area. Build your dream home and enjoy the lifestyle you’ve always imagined.
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $159,200 | $159,200 | $159,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.875% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.204% | 7.159% | 6.256% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,046 | $1,058 | $1,343 |
Total Monthly Payment | $1,121 | $1,133 | $1,418 |
* 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.