Welcome to 16 Bittersweet, a prime 4. 3 acre approved building lot located on a serene cul-de-sac just minutes from the historic charm of Mystic and the picturesque village of Stonington Borough. This exceptional single-family parcel offers the perfect canvas for your dream home and is one of the last undeveloped parcels available off sought-after Montauk Ave. Surrounded by stone walls and celebrating abundant wildlife, you'll enjoy a tranquil, private setting while still being close to a deep-water marina, award winning restaurants, nearby golf courses, expansive nature trails and world class entertainment. 16 Bittersweet's location combines unique privacy and water views of Stonington Point which greet you as you drive into the property. At dusk with a glass in hand, you will see the trees glow with the sun's reflective light and later on star gaze at the beautiful and quiet night sky. The gently sloping topography allows for a walkout lower level facing over 8 acres of protected woodlands. This wonderful property has an approved septic plan for a 5 bedroom home, is free of wetlands and lies well out of the flood zone. This last of its kind location offers tremendous potential to add a pool and pool/party house, multi-sport game-court, pickleball, car-collection garages, sunken gardens, art or yoga studio, etc. 16 Bittersweet is truly a magical spot awaiting your lovely new home.
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William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
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 Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $719,200 | $719,200 | $719,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.750% | 6.500% | 6.000% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.844% | 6.597% | 6.158% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,197 | $4,546 | $6,069 |
Total Monthly Payment | $4,289 | $4,638 | $6,161 |
* 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.