Discover an exceptional opportunity to own a piece of land in the heart of Willimantic! This 0. 17-acre parcel, located at 28 Cloran Street, offers a prime location in a quiet residential neighborhood. Zoned R2, the lot is perfect for building a single-family home (subject to local zoning regulations). The property is buildable but short in size to fit a traditional septic system. However, it's not the end-you can explore the option of installing an above-ground septic system and build your dream home on this lot. With electricity available at the street and a flat topography, this property provides easy access to nearby schools, parks, shopping, dining, and downtown Willimantic's vibrant community. Whether you're looking to build your home, invest in a rental property, or hold for future appreciation, this land offers endless potential. Don't miss out-schedule a visit today!
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William Raveis Real Estate
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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 | $12,790 | $12,790 | $12,790 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 7.125% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.243% | 7.282% | 6.518% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $85 | $86 | $110 |
Total Monthly Payment | $160 | $161 | $185 |
* 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.