You will not find another property like this in North Branford! Truly a rare and great opportunity for investors to own this property that consists of two separate buildings on the same 3. 5 acre parcel. The first building is a fully occupied 4 unit multi family plus a ground-keeper's suite with a two car oversized garage. The second building is an oversized 3 bedroom cape cod style home with a 2 bedroom unit upstairs. The property features two sun-rooms, large open rooms for entertaining and many custom copper details inside and out of the home that were designed by the owner. The walk out basement of the home is currently being finished that walks out to a pavilion, a gorgeous shade tree and raspberry bushes that line the property that backs up to town property with many hiking trails that lead to a park. In the back you will find 3 barns for storage or workshops. You will not want to miss this unique property! Please note this is considered commercial because it is more than 4 units and any lender will require commercial financing.
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NMLS Mortgage Loan Originator ID 81725
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $960,000 | $960,000 | $960,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.500% | 6.250% | 5.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.821% | 6.396% | 5.990% |
Monthly Tax Payment | $1,284 | $1,284 | $1,284 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $5,451 | $5,911 | $7,972 |
Total Monthly Payment | $6,860 | $7,320 | $9,381 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.