LOT #3 Spring Hill Road, Monroe, CT, 06468 | $279,900

LOT #3. Welcome to the new Spring Hill Estates, one-acre lot subdivision by nationally award-winning developer John Paul Development. This listing is 1 of the 4 lots available in Spring Hill Estates. Any of these lots can be sold or built by the builder from a plan of your choice. Co-Broker is the Owner of this development and individual lots.

Features

  • Zoning: R-1
  • Frontage: Paved Road
  • Lot Desc: Level Lot
  • Elem. School: Per Board of Ed
  • Middle School: Jockey Hollow
  • High School: Masuk
  • MLS#: 24049010
  • Days on Market: 47 days
  • Website: https://www.raveis.com
    /prop/24049010/lot3springhillroad_monroe_ct?source=qrflyer
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Listing courtesy of Preston Gray Real Estate

William Raveis Family of Services

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Frank KolbSenior Vice President - Coaching & Strategic, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 81725

203.980.8025

Frank.Kolb@raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
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Our Insurance Division:

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    Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable

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    requirements, sets up escrows and title insurance, coordinates closing documents
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LOT #3 Spring Hill Road, Monroe, CT, 06468

$279,900

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 Conforming*
30 Year
Fixed-Rate Conforming
15 Year
Fixed-Rate Conforming
Loan Amount $223,920 $223,920 $223,920
Term 360 months 360 months 180 months
Initial Interest Rate** 7.250% 6.990% 6.250%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.582% 7.159% 6.518%
Monthly Tax Payment N/A N/A N/A
H/O Insurance Payment $75 $75 $75
Initial Principal & Interest Pmt $1,528 $1,488 $1,920
Total Monthly Payment $1,603 $1,563 $1,995

* 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.