Ideal for homebuyers or developers. Don't miss the chance to invest in East Haven's vibrant real estate market! Nestled in a quiet and desirable neighborhood, this 0. 43-acre residential parcel offers an ideal opportunity to build your new home. Located on the undeveloped section of Jessie Street (just 260 feet of unpaved road), this property is zoned R-2 for single-family residential use. With no wetlands on the site and the ability to pave the street for easy access, this land is ready for development. The surrounding neighborhood with houses averaging between $350, 000 and $450, 000. A newly built, modern home on this lot could be valued at $525, 000-$675, 000. The nearest public sewer connection is approximately 500 feet away. You can extend a private sewer line to connect, or install a septic system, as the land's drainage is well-suited for this option. The property is accessible via McLay Avenue, and paving the remaining 260 feet of Jessie Street is all that's needed to create a fully functional driveway and street access. East Haven beaches just 2. 5 miles away. Situated less than 10 minutes from downtown East Haven and just 15 minutes from New Haven, the property is close to shopping, dining, schools, and medical facilities. The area features a mix of established homes and new construction, fostering a family friendly atmosphere with great schools and community events. This property combines affordability, location, and potential.
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William Raveis Real Estate
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William Raveis Mortgage, LLC
Phone: 203.980.8025
Frank.Kolb@raveis.com
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 | $52,000 | $52,000 | $52,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.875% | 6.875% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.352% | 7.042% | 6.160% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $342 | $342 | $435 |
Total Monthly Payment | $417 | $417 | $510 |
* 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.