Near charming downtown Merrimac & Lake Attitash, this 1. 9 acre lot sits quietly nestled between larger parcels of land. Attention builders, developers, contractors, investors and those looking to build a brand new dream home in a picturesque New England town. Less than 15 minutes to the seacoast, create a sanctuary with easy access to I495. There is a small home on the property, and the interior is not habitable: teardown and build new or a large renovation project. This is NOT a "quick" flip and won’t qualify for conventional financing. Property being sold as is/as seen with most personal contents remaining. Seller to assume no responsibility regarding condition of the house. Buyers & Buyer's Agents to perform all due diligence, confirm all information and obtain all permits. Title 5 is BUYER's responsibility. PLEASE do not walk or visit the property without an appointment. Close to everything and surrounded by nature, a rare opportunity in Merrimac!
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Our Executive Mortgage Banker:
Our Insurance Division:
$250,000
William Raveis Real Estate
Phone: 888.699.8876
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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $200,000 | $200,000 | $200,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 7.000% | 6.125% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.330% | 7.182% | 6.412% |
Monthly Tax Payment | $487 | $487 | $487 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,331 | $1,331 | $1,701 |
Total Monthly Payment | $1,893 | $1,893 | $2,263 |
* 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.