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Imagine your dream home nestled on this picturesque 2. 02-acre lot in Stonington, Connecticut. Located on a tranquil country road, this property offers the perfect blend of peaceful living and convenient access to local charm. A unique advantage of this parcel is the permitted accessory dwelling unit (ADU) or guest home. Whether you envision a cozy retreat for visitors, a space for extended family, or a potential rental opportunity, this flexibility adds significant value. The seller has thoughtfully invested in infrastructure, installing a 22-foot apron at the lot's entrance to ensure proper drainage into the Stonington City System. Furthermore, an easement has been provided to the Town of Stonington for the maintenance of the enclosed drain, offering peace of mind for future homeowners. Nature enthusiasts will appreciate the incredible Christmas trees lining the property, creating a natural and beautiful privacy wall. Imagine the joy of cutting your own Christmas tree each year! With 200 feet of road frontage, this lot comfortably supports the design of a ranch-style home. Build your country home or a spacious 4-bedroom family home on this bucolic setting. The possibilities are endless. Finally, the location on Al Harvey Road offers a delightful drive to Flanders Road, leading you to the enchanting Mystic Village. Enjoy the scenic route and the close proximity to the area's attractions. unique opportunity to create the lifestyle you've always desired. This Stonington lot presents a unique opportunity to create the lifestyle you've always desired - a serene country setting with modern conveniences and exciting possibilities.
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William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
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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 | $208,000 | $208,000 | $208,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.500% | 6.990% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.095% | 7.141% | 6.152% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,315 | $1,382 | $1,741 |
Total Monthly Payment | $1,390 | $1,457 | $1,816 |
* 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.