Presenting a rare investment opportunity with this undeveloped, wooded residential land encompassing two contiguous parcels located in the towns of Waterbury and Prospect. With a combined total of 2. 19 acres, these lots contain the ideal canvas for your dream home or potential development. The property includes Lot 2011 Terry Rd. In Waterbury, spanning 1. 75 acres with a tax assessment of $2, 437, and Lot 10A Murphy Rd. in Prospect, which adds . 44 acres with minimal taxes of $104. The lots provide extensive frontage-400 feet on Terry Rd. and 338 feet on Murphy Offering ample space and flexibility for access and layout. Utilities, including public water and sewer, are available on the street. The land is situated near the scenic East Mountain Golf Course and directly across from the tranquil East Mountain Reservoir, providing a picturesque setting for your future home or investment. Zoning details include RA-1 for the Prospect portion and RS-12 for the Waterbury section, offering different possibilities for development. The land's topography varies, with a level area that should support the construction of at least one home, while the rest of the terrain presents a gently sloping landscape, ideal for creative landscaping or other uses. As always, buyers are encouraged to perform their diligence. Don't miss out on this unique opportunity to own a sizable, versatile piece of land in a sought-out
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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.