$37,900
MLS #1297044 · Clarke's Beach
2-4 Meadow Lane
- Type
- Vacant Land
- Agent
- Michelle Bradbury-Smith
- Brokerage
- Royal LePage Atlantic Homestead
1 / 6Property Details
What a beautiful piece of land to build your dream home of summer home! A large 8/10ths of an acre gives you lots of elbow room to build your house and any ancillary buildings like a garage, green house, etc. that you might want. This lot is mostly cleared with trees along the back boundary. It has approximately 111 feet frontage and goes back about 320 feet. It slopes gently upward as it goes back from the road, which would offer a spectacular view of South River! Preliminary Approval for one residential building lot, and you would require a well and septic system as there are no town services in this area. Just a 10 minute drive to Bay Roberts and less than an hour to St. John's. Think about the warm summer evenings on your front patio, overlooking the river just across the street and watching the boaters, swimmers and do some fishing! (id:66441)
Cost To Own
Down payment & monthly cost
Homes in a hot market often sell over asking. Model your winning bid, then adjust the financing to see the real cash to close and monthly carrying cost — including default insurance when you put down under 20%.
Your OfferAsking $46,000
$46,000
Over askingAt asking
Down Payment · 5%$2,300
Interest Rate5.25%
Amortization
Estimated Monthly Cost
$897
- Mortgage Payment
- $272
- Property Tax
- $125
- Insurance
- $150
- Utilities
- $350
Cash To Close
$2,300
- Down Payment
- $2,300
- CMHC Insurance (financed)
- $1,748
- Loan Amount
- $45,448
- Total Interest · 25 yr
- $36,256
Under 20% down requires CMHC default insurance, added to your loan. Estimate only — final costs depend on lender approval, taxes, insurance, and closing costs.
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