Discover your next investment opportunity or the perfect retreat at 180 Circle Dr. , Bantam, CT 06750. This charming property, nestled in a serene location, offers two apartments, each featuring two bedrooms, complemented by the convenience of in-unit washers and dryers. Situated on a level lot, this residence promises ease of living and maintenance. Just a half-mile from the picturesque Bantam Lake, the largest natural lake in Connecticut, this property is an ideal spot for those who cherish the outdoors and water activities. Whether it's kayaking, fishing, or simply enjoying a leisurely day by the water, Bantam Lake provides the perfect backdrop for relaxation and recreation. Moreover, the proximity to nearby hiking trails offers endless opportunities for exploration and adventure, ensuring that there's always something to do and discover. This property presents a fantastic opportunity. Its desirable location, coupled with the dual-apartment setup, makes it an attractive option for generating rental income. Whether catering to long-term residents or those seeking a vacation getaway near the lake and trails, this property stands as a versatile investment.
Type | Level |
---|---|
Bedroom 1 | Main |
Bedroom 2 | Main |
Bedroom 3 | Main |
Eat-In Kitchen | Main |
Eat-In Kitchen | Main |
Living Room | Main |
Living Room | Main |
Primary Bedroom | Main |
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Frank.Kolb@raveis.com
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 | $239,920 | $239,920 | $239,920 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.375% | 7.125% | 6.375% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 8.011% | 7.308% | 6.644% |
Monthly Tax Payment | $294 | $294 | $294 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,657 | $1,616 | $2,074 |
Total Monthly Payment | $2,026 | $1,985 | $2,443 |
* 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.