7 Watts Pond Road photo 11 / 12

MLS #1296576

7 Watts Pond Road

Torbay

$375,000

Vacant Land
Source Listing

Property Details

Approx. 5-acre pond-front parcel on Watts Pond Road in Torbay offering excellent development potential. The property features ~67 ft of road frontage and 258 ft of water frontage on Watts Pond, with relatively flat terrain and great access. Residential zoning at the road allows for a private home or possible subdivision, while the wooded rear portion borders Juniper Ridge Intermediate School, offering privacy and potential for community-oriented use. With mixed zoning, this property offers flexibility for a variety of uses, making it an attractive option for investors, developers, or those seeking a large, private lot in a picturesque setting. (Note: Survey shows Parcel A & B but lot has not been subdivide). (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$375,000
Down Payment - 5%$18,750
Interest Rate5.25%

Amortization

Estimated Monthly Cost

$2,901

Mortgage Payment
$2,135
Property Tax
$266
Insurance
$150
Utilities
$350
Down Payment
$18,750
Loan Amount
$356,250
Total Interest
$284,196

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

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