42855 State Hwy 28, City Not Found (Middletown), CT, 12406 | $999,000

OWNER FINANCING AVAILABLE WITH 45-50% DOWN. TENANT PAYS ALL UTILITIES, INCLUDING HEAT AND HOT WATER. WELL WATER-NO WATER BILL. Very unique property on 2. 5 Acres of land. There are 5 separate buildings with 10 rental apartments. Small Victorian 2 Family Home, 1st floor 2 bedroom , 1 bath, large living room, eat-in-kitchen, washer and dryer & deck. 2nd floor 2 bedroom, full bath, large Livingroom, eat-in-kitchen Long House 2 Family Home, 1st 2 bedroom, full bath, large Livingroom, fireplace, washer & dryer 2nd floor 1 bedroom, full bath, open concept kitchen/Livingroom. Cottage House : 1 bedroom, 1bath, large Livingroom, small kitchen & den Large Victorian: Studio, open concept Livingroom/ kitchen, bath, front porch. 2nd fl. 2bedroom, full bath, Livingroom, eat-in-kitchen, porch. 3fl 1 bedroom, full bath, Livingroom and eat-in-kitchen. . 4th floor 1 bedroom , full bath, eat-in-kitchen, Livingroom & storage Golf Course House. 3 bedroom, full bath, gallery kitchen, open Livingroom with fireplace, deck Very well maintained grounds with private roads, Lots of common areas and gardens on property to enjoy. THIS PROPERTY CAN BE PURCHASED AS PACKAGE WITH MLS 6272238, 6272425, & 6272262.

Features

  • Town: City Not Found
  • Bedrooms: 16
  • Baths: 10 full
  • Units: 10
  • Style: Multi Family
  • Year Built: 1920
  • Heating: Electric, Baseboard
  • Cooling: Window Unit(s)
  • Basement: None
  • Approx Sq. Feet: 7,000
  • Acreage: 2.5
  • Est. Taxes: $12,853
  • Lot Desc: Level
  • Elem. School: Margaretville Central School
  • Middle School: Margaretville Central School
  • High School: Margaretville Central School
  • School District: Margaretville
  • MLS#: H6272217
  • Days on Market: 416 days
  • Website: https://www.raveis.com
    /prop/H6272217/42855statehwy28_citynotfound_ct?source=qrflyer
Listing information has been assembled from various sources of varying degrees of reliability. Any information critical to the buying decision should be independently verified.Listing courtesy of Century 21 Dawns Gold Realty   Phone: 914-793-8800

William Raveis Family of Services

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Contact@raveis.com

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Frank KolbSenior Vice President - Coaching & Strategic, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 81725

203.980.8025

Frank.Kolb@raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
  • Offers you pre-approval in minutes!
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  • Has access to hundreds of loan programs, all at competitive rates
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Robert ReadeRegional SVP Insurance Sales, William Raveis Insurance

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Robert.Reade@raveis.com

Our Insurance Division:

  • Will Provide a home insurance quote within 24 hours
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    Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable

Ray CashenPresident, William Raveis Attorney Network

203.925.4590

For homebuyers and sellers, our Attorney Network:

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    requirements, sets up escrows and title insurance, coordinates closing documents
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42855 State Hwy 28, City Not Found (Middletown), CT, 12406

$999,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Frank Kolb

Senior Vice President - Coaching & Strategic

William Raveis Mortgage, LLC

Phone: 203.980.8025

Frank.Kolb@raveis.com

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 $799,200 $799,200 $799,200
Term 360 months 360 months 180 months
Initial Interest Rate** 5.500% 6.375% 5.875%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.821% 6.474% 6.036%
Monthly Tax Payment $1,071 $1,071 $1,071
H/O Insurance Payment $92 $92 $92
Initial Principal & Interest Pmt $4,538 $4,986 $6,690
Total Monthly Payment $5,701 $6,149 $7,853

* 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.