This is a special and unique property that offers so many opportunities. There are 3 separate buildings included on this parcel. The main property is a large Sun-lit church, which has a walk-out lower level, commercial kitchen for events, 2 newer furnaces, and on demand hot water. The craftsmanship is gorgeous on this building. The church has all the touches you find in a property built in the 1920's. This is a beautiful older iconic building with attention to detail. Besides the sanctuary, there is a large community room, perfect for gatherings, an office and a small nursery. Also included with this parcel is a 3 bedroom, 1 bath raised ranch which could be rented for additional income (current market value is approx $1500/month. The third building is a chapel / storage shed, with no heat. Property is zoned AA currently and can be used in a variety of ways. In addition, there is a deeded right of way to the Staffordville Cemetery Association located behind the property. Cemetery is not included with this parcel. Property address is 375 & 377 East Street. Seller is looking for an as-is offer – please include as-is rider with offers.
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NMLS Mortgage Loan Originator ID 81725
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $279,920 | $279,920 | $279,920 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.563% | 7.159% | 6.276% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,862 | $1,860 | $2,361 |
Total Monthly Payment | $1,937 | $1,935 | $2,436 |
* 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.