Discover a unique and exciting opportunity to own this residential lot in the heart of Five Forks. Nestled within a beautifully maintained neighborhood free of HOA fees, this property offers a perfect balance of convenience and peaceful living. Located near all the amenities of Five Forks, the lot is tucked away on a quiet street with no through traffic, surrounded by mature hardwood trees that create a serene, private atmosphere away from the busyness of Woodruff Road. Utilities, including electric and water, are conveniently available at the street, simplifying the building process. The property also features a private walking trail leading to a relaxing creekside lounge area, perfect for unwinding in nature. Across the way, the prestigious Cobblestone Gated Community adds an air of exclusivity to the surrounding area. This lot's sloping terrain is ideal for constructing your dream home, whether you envision a crawl space or basement design. The layout provides ample space for building before reaching the scenic creek area, offering endless options for customization. The picturesque creek enhances the charm of the property, providing a calming backdrop without the concern of being in a flood zone. A completed property survey adds further convenience, making this lot ready for you to bring your dream home to life. Don't miss this rare opportunity to create a haven in a sought-after location! Seller has building plans they can provide for serious buyers.
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William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 401.474.4879
Whitney.Rugg@raveis.com
NMLS Mortgage Loan Originator ID 7654
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $100,000 | $100,000 | $100,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.875% | 6.990% | 6.125% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.191% | 7.159% | 6.392% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $657 | $665 | $851 |
Total Monthly Payment | $732 | $740 | $926 |
* 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.