6-8 Old Road North photo 11 / 9

MLS #1296841

6-8 Old Road North

Salmon Cove

$28,000

Vacant Land
Source Listing

Property Details

Imagine! Your own valley, nestled in the rugged hills of Salmon Cove. Located just off the North Shore Highway, a stream winds through this large lot. Here’s approximately 1.5 acres of undeveloped land to build your cottage or home. Just 2 minutes away you can walk barefoot on a sandy beach. One of the best kept secrets on the Avalon, Salmon Cove is only an hour and fifteen minutes from St. John’s and 12 minutes from all the amenities of Carbonear. Land in Salmon Cove is rare and in demand! Come see this lot for yourself and imagine living here. (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$28,000
Down Payment - 5%$1,400
Interest Rate5.25%

Amortization

Estimated Monthly Cost

$784

Mortgage Payment
$159
Property Tax
$125
Insurance
$150
Utilities
$350
Down Payment
$1,400
Loan Amount
$26,600
Total Interest
$21,220

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

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