This 1-acre property on Garrup Avenue, East Haven, CT, consisting of 3 separate parcels, offers a fantastic opportunity for residential development or investment. Zoned R2 Residential, it provides 43, 000 sq. ft. of land-far exceeding the 12, 800 sq. ft. required to build a single-family home. The zoning allows for livestock, horses, chickens, and other R2-approved uses. While the land is raw and undeveloped, buyers will need to clear and pave the wooded street leading to the property up to town standards before building. Located in a calm and desirable neighborhood, the lot offers easy access to grocery stores like ShopRite and Stop & Shop, nearby schools, superstores, and a variety of dining options. The property is also close to East Haven Town Beach (10 minutes), Silver Sands Beach (15 minutes), and Lake Saltonstall (15 minutes), making it ideal for those who enjoy nature and recreation. This versatile lot is perfect for building a family home or pursuing investment projects. Own it today before it gets too late.
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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 | $48,000 | $48,000 | $48,000 |
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 | $323 | $319 | $405 |
Total Monthly Payment | $398 | $394 | $480 |
* 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.