Presented byNancy Budd |
A rare opportunity to build your dream home in the highly coveted waterfront community of Groton Long Point! Located at 9 Middlefield Street, this prime, flat, buildable lot provides endless potential for designing the perfect coastal retreat. Groton Long Point is a vibrant seaside community brimming with charm and amenities. As part of the GLP Association, you'll enjoy access to unparalleled activities including sailing, boating, fishing, tennis, pickleball, volleyball, and more. The community features a private yacht club, clubhouse, restaurant, and its own dedicated police and fire departments, ensuring both security and convenience. Ideally situated midway between New York City and Boston, GLP has seamless access to major transportation hubs like I-95, Amtrak, the Cross Island Ferry, and Groton Airport. Additionally, nearby villages such as Noank, Mystic, and Stonington Borough provide an array of dining, shopping, entertainment, and cultural experiences, from theaters to casinos. Land in Groton Long Point is a rare find, and opportunities like this don't come along often. Build your dream home in this idyllic setting and become part of a community where every day feels like a vacation. Don't let this exceptional chance slip away! What an amazing opportunity to build a custom dream home. Land doesn't come on the market very often in GLP. Seize this amazing opportunity!
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$825,000
Luxury Properties Specialist
William Raveis Real Estate
Phone: 203.984.8922
Nancy.Budd@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 914.260.2006
Francine.Silberman@raveis.com
NMLS Mortgage Loan Originator ID 69244
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 914.260.5535
Mace.Rattet@raveis.com
NMLS Mortgage Loan Originator ID 69957
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $660,000 | $660,000 | $660,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.500% | 6.375% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.748% | 6.474% | 6.036% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,747 | $4,118 | $5,525 |
Total Monthly Payment | $3,839 | $4,210 | $5,617 |
* 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.