Presented byYing Emma Zhang |
An unparalleled opportunity awaits with this exceptional property, a true gem in a prime location. Situated within walking distance of New Canaan's newest world-class Library, acclaimed restaurants, unique boutiques, top-tier schools, and the Metro-North train station for effortless access to New York City, this address epitomizes convenience. Moreover, a short walk to Mead Park, offering a wealth of recreational amenities including baseball, Pickle Ball, tennis, skating, and the popular Apple Cart outdoor eatery, ensuring a vibrant lifestyle not far from your doorstep. Spanning . 57 acres, this coveted parcel presents boundless possibilities for development. Currently hosting two buildings housing four rental units, including a medical office and three residential apartments, the property invites exploration into its potential. Prospective builders are encouraged to conduct thorough due diligence to ascertain the full range of opportunities available. Embrace the chance to immerse yourself in the vibrant community of New Canaan and unlock the possibilities this esteemed South Avenue location has to offer.
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$2,399,000
Luxury Properties Specialist
William Raveis Real Estate
Phone: 917.414.8942
YingEmma.Zhang@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 914.260.5535
Mace.Rattet@raveis.com
NMLS Mortgage Loan Originator ID 69957
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 914.260.2006
Francine.Silberman@raveis.com
NMLS Mortgage Loan Originator ID 69244
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $1,919,200 | $1,919,200 | $1,919,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.000% | 6.750% | 6.500% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.377% | 6.851% | 6.664% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $11,507 | $12,448 | $16,718 |
Total Monthly Payment | $11,632 | $12,573 | $16,843 |
* 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.