358 - 376 Portugal Cove Place photo 11 / 5

MLS #1263027

358 - 376 Portugal Cove Place

St. John's

$1,400,000

Vacant Land
Source Listing

Property Details

Prime development location - Two civic lots comprising approx 8 acres in the middle of the east end of St. John's! A rare find, this parcel of land is ideally situated and priced for development. Located between Higgins Line/Newfoundland Drive to the south, Outer Ring Road to the North and Portugal Cove Road to the east, you will not find a more central location! Two approx, 2,100sqft bungalows are currently located on the property with the remaining land is uncleared and overall site is generally level. One of the few acreages remaining for development in the City's east end with rare 412 foot (126 m) frontage on Portugal Cove Place. (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$1,400,000
Down Payment - 9%$126,000
Interest Rate5.25%

Amortization

Estimated Monthly Cost

$9,126

Mortgage Payment
$7,634
Property Tax
$992
Insurance
$150
Utilities
$350
Down Payment
$126,000
Loan Amount
$1,274,000
Total Interest
$1,016,325

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

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