20 Meshomasic Trail, Portland (Meshomasic), CT, 06480 | $82,900

Don't' miss your chance to secure this exceptional property and turn your dream home vision into a reality. Welcome to the last available lot in one of Portland's most coveted and established subdivisions, Chatham Ridge. Situated amidst picturesque surroundings, this property gives the perfect blend of tranquility and convenience. Despite its idyllic setting, the property is conveniently located close to town, providing access to amenities, shopping, dining and entertainment. If you're an outdoor enthusiast, you'll find yourself immersed in many opportunities or simply embracing beauty right in your back yard. Speaking of back yard this property backs up to the largest state forest in Connecticut, Residents enjoy direct access to expansive natural landscape's, perfect for exploration, hiking and biking. To ensure consistency with the neighborhood's high standards, there are some specific requirements for building your dream home. These guidelines contribute to preserving the aesthetic appeal and desirable impact of the surrounding homes. There is a construction plot plan with proposed setting for the house to be built, 150 feet of frontage and a shared driveway that leads to Lot 20. Interested parties to do their dilligance as lot does not yet have approval from Town. There is an HOA in place specifically to maintain and contribute to the insurance liability for the detention basin. Aproximately $42@ homeowner per year. Inquire for more specifics or to view the property.

Features

  • Town: Portland
  • Zoning: residential
  • Frontage: Cul-De-Sac,Paved Road
  • Lot Desc: In Subdivision,Lightly Wooded
  • Elem. School: Per Board of Ed
  • Middle School: Brownstone
  • High School: Portland
  • MLS#: 24053946
  • Buyer Broker Compensation: 2.50%
  • Website: https://www.raveis.com
    /raveis/24053946/20meshomasictrail_portland_ct?source=qrflyer
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860.478.6003

Michelle.Pirruccio@raveis.com

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NMLS Mortgage Loan Originator ID 10930

203.641.8287

Dave.Beckman@raveis.com

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20 Meshomasic Trail, Portland (Meshomasic), CT, 06480

$82,900

Michelle Pirruccio

Sales Associate

William Raveis Real Estate

Phone: 860.478.6003

Michelle.Pirruccio@raveis.com

Dave Beckman

VP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 203.641.8287

Dave.Beckman@raveis.com

NMLS Mortgage Loan Originator ID 10930

5/6 (30 Yr)
Adjustable Rate Conforming*
30 Year
Fixed-Rate Conforming
15 Year
Fixed-Rate Conforming
Loan Amount $66,320 $66,320 $66,320
Term 360 months 360 months 180 months
Initial Interest Rate** 7.125% 6.990% 5.990%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.456% 7.171% 6.276%
Monthly Tax Payment N/A N/A N/A
H/O Insurance Payment $75 $75 $75
Initial Principal & Interest Pmt $447 $441 $559
Total Monthly Payment $522 $516 $634

* 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.