Time to build your dream home on beautiful Scotland Rd! Approved building lot approximately 1. 93 acres in a R-80 zone with 345 ft of stonewall frontage. Great starter or retirement home with one floor living. Just 7 minutes to I-395, 8 minutes to Backus Hospital, 17 minutes to Mohegan Sun Resort/Arena, 22 minutes to Foxwoods Resort, 30 minutes to Downtown Mystic and the shoreline, 42 minutes to Hartford, 1 hour to Providence RI, 1 hr 30 min to Boston and 2. 5 hrs to New York City! Do not walk the land without an appointment. New Construction lenders available and builders. Can buy land only see MLS # 24016763.
Type | Description | Dimensions | Level |
---|---|---|---|
Bedroom 1 | Hardwood Floor | 11.0 x 11.4 | Main |
Bedroom 2 | Hardwood Floor | 11.0 x 11.4 | Main |
Eat-In Kitchen | Vaulted Ceiling,Breakfast Bar,Granite Counters,Dining Area,Island,Tile Floor | 12.0 x 17.0 | Main |
Living Room | Hardwood Floor | 14.0 x 17.0 | Main |
Other | Tile Floor | 6.2 x 8.0 | Main |
Primary Bedroom | Bedroom Suite,Full Bath,Stall Shower,Walk-In Closet,Hardwood Floor,Tile Floor | 12.0 x 14.0 | Main |
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William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 860.625.5780
Brianna.Turgeon@raveis.com
NMLS Mortgage Loan Originator ID 2104486
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $447,999 | $447,999 | $447,999 |
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 | 7.477% | 7.159% | 6.296% |
Monthly Tax Payment | $157 | $157 | $157 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $2,981 | $2,978 | $3,778 |
Total Monthly Payment | $3,230 | $3,227 | $4,027 |
* 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.