A very unique opportunity in Mansfield, a large piece of land with water, sewer and possibly natural gas access! Two parcels (33. 98A. 2 & 33. 98B. 2) totaling 30. 87 acres with access to public water, public sewer, walking distance to Eastbrook Mall, Big Y Supermarket, Ledgebrook Office Complex and more. The main parcel is 26. 77 acres of raw land with topography that generally rises from the south east to the north west (from the road towards the back) and has frontage on both Conantville/Meadowbrook as well as Puddin Lane to the north (2 connections). While the value is in the land, it does have a 3-car garage with rented apartment above. The second parcel is 4. 1 acres in size and adds frontage on Conantville Rd. Survey, Feasibility, Site Analysis and Area Amenities available. Zoning includes both R-20 and R-90 portions, with access to shopping, office space, water & sewer, and just minutes to Windham Hospital, Eastern CT State University & UConn, there are a multitude of possibilities for this piece and with the rental income from the existing properties, holding costs can be offset while plans develop!
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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 Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $1,439,920 | $1,439,920 | $1,439,920 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.625% | 6.375% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.795% | 6.472% | 5.966% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $8,289 | $8,983 | $12,054 |
Total Monthly Payment | $8,414 | $9,108 | $12,179 |
* 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.