60+/- potential building lots at high elevation with easterly sloping terrain that allow for spectacular views of the city and nearby Coe's Reservoir. Rare opportunity to create a neighborhood of new single family homes in a high demand section of the city adjacent to other newly built homes above the Mill Street corridor. There are 28. 55 +/- combined acres across two lots assessed as 160 Brookline Street (21+/- acres) and 271 Mill Street (7+/- acres). Proposed cost efficient interior road layout of single family lots with a minimum of 65 ft of frontage and 7, 000 sf min. lot sizes. The property benefits from utility easements over adjacent land. Access to town streets and/or utilities from two locations on Brookline Street along with Gates Lane (utilities) and a ROW to Mill St. A small portion of the property is located in the BL-1. 0 (Business Limited) zoning district near Mill St. Subdivision plan shown is not approved by the city. Some lots on plan will require indiv. sewer pumps.
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William Raveis Real Estate
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Contact@raveis.com
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 Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $3,600,000 | $3,600,000 | $3,600,000 |
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 | $20,724 | $22,459 | $30,136 |
Total Monthly Payment | $20,849 | $22,584 | $30,261 |
* 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.