Welcome to 572 Gracey Ave, Meriden, CT-an exceptional 0. 763-acre interior lot. This prime piece of land is the perfect foundation for your custom dream home, offering a rare combination of privacy, convenience, and potential. One of the standout features of this lot is that it is a flat, cleared terrain-making it ideal for immediate construction. With public water, sewer access, and an on-site electrical utility box already in place, the groundwork is laid for a seamless building process. Although prior approvals have expired, the availability of detailed architectural plot plans ensures you can hit the ground running. Situated in the heart of Meriden, this property offers the best of both worlds-tranquility within a well-established community and easy access to modern amenities. Meriden is experiencing a period of growth, blending its rich history with vibrant new developments. Residents enjoy proximity to scenic parks, quality schools, and a variety of shopping and dining options, all within a short drive. Plus, with major highways nearby, commuting to surrounding areas is both quick and convenient. Whether you're a developer seeking a valuable investment or a homeowner eager to create a personalized sanctuary, 572 Gracey Ave is a rare find in a thriving area. Don't miss the chance to secure this prime lot and build the home you've always imagined in a location that offers peace, privacy, and the promise of a bright future.
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$75,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $60,000 | $60,000 | $60,000 |
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 | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $399 | $399 | $506 |
Total Monthly Payment | $474 | $474 | $581 |
* 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. The Total Monthly Payment does not include the estimated HOA/Common Charge payment.