162-218 Red Head Road photo 11 / 12

MLS #1292757

162-218 Red Head Road

Flatrock

$1,490,000

Vacant Land
Source Listing

Property Details

This is prime development land that would likely garner in excess of 80 half acre building lots. It has the ideal situation where residents could enjpy country living on a half acre lot while still only a 10 minute drive to the Stavangar Drive area. The location is ideal as the land sits adjacent to the Flatrock Recreational Centre which has a bundle of available activities. The East Coast Walking Trail which is nearby also provides hiking, a natrual environment, fabulous photo opportunities, and exposure to nature's best. The land is mainly flat so specialized grading may not be an issue. This truly is a fabulous parcel of land that is bound to render excitement and interest from prospective home owners. (id:66441)

Cost To Own

Down payment and monthly ownership estimate

Start with the listing price, then adjust the financing and monthly carrying costs for a practical estimate.

Purchase Price$1,490,000
Down Payment - 9%$134,100
Interest Rate5.25%

Amortization

Estimated Monthly Cost

$9,680

Mortgage Payment
$8,125
Property Tax
$1,055
Insurance
$150
Utilities
$350
Down Payment
$134,100
Loan Amount
$1,355,900
Total Interest
$1,081,660

Estimate only. Final payments depend on lender approval, taxes, insurance, closing costs, and mortgage insurance when applicable.

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