Please note that the seller has requested highest and best offers to be submitted by Wednesday, January 22, 2025, at 12: 00 PM (noon). Welcome to 9 Beach Ave, a rare opportunity to build your dream home in the sought-after Crescent Beach Community of Niantic, CT. This lovely, buildable lot includes an approved building plan, making it easier than ever to turn your vision into reality. Located just a short walk to beautiful Crescent Beach, this property offers more than a place to build-it offers a lifestyle. Crescent Beach is a serene seaside neighborhood known for its soft sandy shores, calm waters, and friendly community. Enjoy swimming, paddleboarding, kayaking, or simply relaxing by the water. The area also hosts seasonal events that make it a perfect spot for creating lifelong memories. Beyond Crescent Beach, Niantic offers the charm of a quintessential New England coastal village. Recently ranked the 10th most charming town in Connecticut, Niantic features a walkable downtown with unique shops, restaurants, and the scenic Niantic Bay Boardwalk-ideal for morning strolls or sunset views. As a hub for water enthusiasts, Niantic boasts marinas, fishing spots, and outdoor recreation at places like McCook Point Park, known for its seasonal concerts. Annual events like Celebrate East Lyme Day and the Niantic Light Parade add to the vibrancy. Whether you're seeking the peace of coastal living or the charm of a lively community, 9 Ariel Photos coming soon and the lot will be staked by surveyor in the next week or so.
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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 | $199,920 | $199,920 | $199,920 |
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 | $1,313 | $1,329 | $1,701 |
Total Monthly Payment | $1,388 | $1,404 | $1,776 |
* 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. The Total Monthly Payment does not include the estimated HOA/Common Charge payment.