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This 5-acre RA-zoned parcel offers the perfect blend of rural charm and modern convenience. The land features a serene landscape with mature trees, ideal for building your dream home, farming, or recreational use. RA (Rural Agricultural) zoning in Columbia allows for single-family homes, agricultural operations, and some home-based businesses, providing flexibility for a variety of uses. Easy access to Route 87, Route 66, and major highways I-84 and I-91. Columbia Lake for water activities, top-rated schools like Horace W. Porter School, and nearby shopping in Willimantic and Hebron. Classic New England climate with vibrant fall foliage, warm summers, and snowy winters. Hartford, CT: 30 minutes (25 miles) New Haven, CT: 50 minutes (45 miles) Boston, MA: 1 hour 40 minutes (90 miles) New York City: 2 hours 30 minutes (130 miles) This property is a unique opportunity for development, investment. A perfect blend of rural charm and modern convenience with this parcel located in the town of Columbia, Connecticut. Flat, buildable land with mature trees and a serene natural landscape, offering endless possibilities for development or a private retreat. Columbia is known for its friendly community, scenic countryside, and charming small-town atmosphere. You'll be surrounded by lush greenery, quiet streets, and a welcoming neighborhood, making it ideal anyone seeking tranquility.
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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 | $88,000 | $88,000 | $88,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.500% | 7.125% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.058% | 7.303% | 6.510% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $556 | $593 | $755 |
Total Monthly Payment | $631 | $668 | $830 |
* 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.