229 Main Road photo 11 / 5

MLS #1293663

229 Main Road

Cape Broyle

$40,000

Vacant Land
Source Listing

Property Details

Ocean view undeveloped lot on the Southern Shore Highway in the scenic community of Cape Broyle. No services currently exist on the property. All building permits, approvals and any HST ( if applicable ) are the responsibility of the Purchaser. Current poll tax is $80. Once developed, garbage collection fees of $200 per year also apply. Property measures .412 hectares per survey. Per survey, there is a hydro easement through the property. There is also an encroachment of a septic line on one side of the property line ( see survey ). An encroachment of small portion of a garage exists on the lower end of the property as well. A lovely location for your new home build, centrally located in the community and just 45 minutes to to town. (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$40,000
Down Payment - 5%$2,000
Interest Rate5.25%

Amortization

Estimated Monthly Cost

$853

Mortgage Payment
$228
Property Tax
$125
Insurance
$150
Utilities
$350
Down Payment
$2,000
Loan Amount
$38,000
Total Interest
$30,314

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

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