227 Niantic River Road, Waterford, CT, 06385 | $175,000

Discover the perfect canvas for your dream home on the Connecticut coastline! This ready-to-build scenic lot has water views and a prime location just steps from the Niantic River. Whether you're seeking a summer retreat or a forever home, this property delivers the serenity, convenience, and coastal lifestyle you've been looking for. Nestled in a peaceful, private neighborhood in Waterford, CT, this lot provides views of the Niantic River from its elevated position, with the soothing river breeze as your backdrop. Just a short walk away, Kiddies Beach is a perfect spot for family outings. The area also boasts easy access to kayaking, paddleboarding, and boating, with the opportunity to apply for a boat mooring in Keeney Cove. Additionally, this prime location is close to restaurants, major highways, and landmarks such as Mystic, the ferries, the train station, Casinos, Electric Boat, Pfizer, Navy Base, and the Coast Guard Academy. This lot is truly ready to build, with extensive site work already completed. The existing structure has been demolished and removed, the foundation site has been prepped with ledge extraction and grading, and the property has been cleared and surveyed as of 2023. Utilities, including city water and sewer hookups, are conveniently available at the street. This is a rare opportunity to secure a buildable lot in a desirable coastal location. From its stunning views to its unbeatable proximity to beaches, amenities, and local attractions This property is a gem on the Connecticut shoreline. Don't miss out! Text or call us today to schedule a viewing and start planning your dream home!

Features

  • Zoning: R-20
  • Frontage: None
  • Lot Desc: Dry,Sloping Lot,Cleared,Water View,Open Lot
  • Elem. School: Per Board of Ed
  • Middle School: Per Board of Ed
  • High School: Per Board of Ed
  • MLS#: 24061900
  • Website: https://www.raveis.com
    /prop/24061900/227nianticriverroad_waterford_ct?source=qrflyer
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Listing courtesy of RE/MAX on the Bay

William Raveis Family of Services

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Customer Service

888.699.8876

Contact@raveis.com

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To learn more about our credentials, visit raveis.com today.

Frank KolbSenior Vice President - Coaching & Strategic, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 81725

203.980.8025

Frank.Kolb@raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
  • Offers you pre-approval in minutes!
  • Provides a guaranteed closing date that meets your needs
  • Has access to hundreds of loan programs, all at competitive rates
  • Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction

Robert ReadeRegional SVP Insurance Sales, William Raveis Insurance

860.690.5052

Robert.Reade@raveis.com

Our Insurance Division:

  • Will Provide a home insurance quote within 24 hours
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  • Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
    Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable

Ray CashenPresident, William Raveis Attorney Network

203.925.4590

For homebuyers and sellers, our Attorney Network:

  • Consult on purchase/sale and financing issues, reviews and prepares the sale agreement, fulfills lender
    requirements, sets up escrows and title insurance, coordinates closing documents
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227 Niantic River Road, Waterford, CT, 06385

$175,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Frank Kolb

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 Conforming*
30 Year
Fixed-Rate Conforming
15 Year
Fixed-Rate Conforming
Loan Amount $140,000 $140,000 $140,000
Term 360 months 360 months 180 months
Initial Interest Rate** 7.000% 6.990% 6.250%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.330% 7.171% 6.538%
Monthly Tax Payment N/A N/A N/A
H/O Insurance Payment $75 $75 $75
Initial Principal & Interest Pmt $931 $930 $1,200
Total Monthly Payment $1,006 $1,005 $1,275

* 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.