This pristine acreage is perfect for any number of creative strategies. Imagine an elegant community of homes; or a farm to compliment a potential farm to table restaurant and farmers market across the street; not to mention located a mere 2 miles from the artistic village of Stony Creek. This listing describes a parcel, that is listed separately, but sold with an adjoining parcel. These parcels, combined, represent over 50% of the entire property, which has been the homestead of the Brockway, Dibble and Lakso families of Branford for over 250 years. These parcels, located off of Interstate 95 at Exit 56, and just a short 2 mile drive to the artistic village of Stony Creek in Branford, CT, the Thimble Islands, and Long Island Sound, provide a perfect, quick on and off for residents and visitors on their way home or to visit the scenic shoreline. Additionally, the land was bestowed the prestigious A. V. A. Designation, designating it as a Viticultural Area, perfectly suited for a Shoreline Vineyard or organic farm. The property in this listing, combined with the adjacent parcel, 185-201 Leetes Island Road, are contiguous, encompass 34. 3 acres of pristine land, boast over 865 feet of Leetes Island Road frontage, and sit directly across from the Old Stone Barn and historic Farmhouse. Water and sewer available on Leetes Island Road. Sub-dividable. Feasibility study and surveys completed. Property currently sits outside the annual flood plain. Sale of this parcel is contingent upon the purchase of 185-201 Leetes Island Road concurrently. Sewer currently ends at the Cath Church on Leetes Island Road.
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Our family of companies offer our clients a new level of full-service real estate. We shall:
To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
Our Insurance Division:
For homebuyers and sellers, our Attorney Network:
$1,995,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 203.415.2989
Brian.Skelly@raveis.com
NMLS Mortgage Loan Originator ID 793093
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $1,596,000 | $1,596,000 | $1,596,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.500% | 6.250% | 5.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.821% | 6.396% | 5.990% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $9,062 | $9,827 | $13,253 |
Total Monthly Payment | $9,187 | $9,952 | $13,378 |
* 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.