Wow! 31. 95 acres and 8 access points - this is a substantial property with a lot of potential and it seems well-suited for various types of development. The zoning designation of RL (Residential Low-Density) typically supports single-family homes, but the additional permitted uses with special exceptions exhibit more flexibility. Here's a quick breakdown of what you might consider: 1. Residential Campus: A larger residential development, such as a planned community or retirement village could be a good fit. It allows for a variety of residential types beyond just single-family homes. 2. Planned Residential Conservation: This option might be ideal to integrate the development with the natural surroundings, possibly preserving some open space while developing residential units. 3. General Purpose Hospital Campus: If there's a need for healthcare facilities in the area, this could be a potential use. 4. Colleges or Universities: This could be a significant project with a large impact on the community, potentially bringing in clients and staff to the area. 5. Special Permits: A pamphlet is attached detailing more options that could be explored. Maps are available for review, see listing agent for more details.
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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 | $319,920 | $319,920 | $319,920 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.477% | 7.159% | 6.498% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,128 | $2,126 | $2,743 |
Total Monthly Payment | $2,203 | $2,201 | $2,818 |
* 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.