11 Pondside Lane photo 11 / 32

MLS #1299058

11 Pondside Lane

Torbay

$1,200,000

Vacant Land
Source Listing

Property Details

Attention developers! Located in the scenic community of Torbay, just 10 minutes from Stavanger Drive, this impressive 61.85 acre property offers a rare opportunity to own a substantial parcel of land in a prime location. Nestled along Great Pond, and surrounded by the natural beauty of Newfoundland's landscape, the property provides the perfect balance of privacy, tranquility, and convenience. Whether envisioned as a future development opportunity, recreational retreat, or investment property, this expansive acreage offers endless possibilities. Peaceful waterfront surroundings, proximity to shopping, dining, schools, and essential amenities only add to this area's attraction. Large parcels of land in such a sought-after area are increasingly hard to find, making this an exceptional opportunity for buyers or investors seeking space, natural beauty, and long term potential. (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$1,200,000
Down Payment - 8%$96,000
Interest Rate5.25%

Amortization

Estimated Monthly Cost

$7,966

Mortgage Payment
$6,616
Property Tax
$850
Insurance
$150
Utilities
$350
Down Payment
$96,000
Loan Amount
$1,104,000
Total Interest
$880,708

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

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