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!
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William Raveis Mortgage, LLC
Phone: 203.980.8025
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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 | $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.