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These 38 acres is a part of the entire 115 acres. It is the smaller section of the 115 acres, and it's already separated on the opposite side of Carrington Lane. There are no restrictions, and one could build as many homes as the county would allow. The nearest school is less than one mile. City water is available. There is over 1200' of frontage on Carrington Lane. Roll back taxes will come into play should new owner change the statis of the land. At that time new owner will be responsible for those taxes. If it is kept as, it is now, and one home built on the 38 acres then the roll back taxes would only come up on the one acre. The rest of acreage could stay in AG if you register it at the county. If a developer buys it, they may sub-divide as permitted as NO Restrictions. If a Buyer is interested in all the acreage, they may purchase all 115 acres.
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $440,800 | $440,800 | $440,800 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.500% | 6.875% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.058% | 7.025% | 6.132% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $2,786 | $2,896 | $3,690 |
Total Monthly Payment | $2,878 | $2,988 | $3,782 |
* 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.