Offered with this unique downtown property in the center of Colebrook is a clear, level, fenced adjoining lot of nearly a full acre, making this 1. 4 acres in total. It could possibly be used for additional development (think restaurant, motel, etc. ), expansion of the current use, or a return of the initial investment by re-selling the lot as it has a newly paved driveway off Main Street as well as access to town water and sewer. Meanwhile you will have remodeled owners’ living quarters, and instant income from a storefront rental, and three apartments, all in great condition. All systems are well maintained and in excellent working condition and recent upgrades include exterior painting, a standby generator, utility shed, some new flooring, an upgraded video surveillance system, new garage overhead door and new private direct entry from the garage. A property of many uses, in the past it has been the site of a post office, hospital, inn and tavern, since the 1950’s is has been owned by the same family and was the site of Nugent Motor Company, now home to Creative Natives, a gallery for arts, crafts, antiques and collectibles. Come to the North Country and explore the possibilities.
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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** | 5.375% | 6.250% | 5.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.850% | 6.360% | 5.930% |
Monthly Tax Payment | $799 | $799 | $799 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $5,376 | $5,911 | $7,972 |
Total Monthly Payment | $6,300 | $6,835 | $8,896 |
* 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.