The price of this property includes the renovated guest house and new barn only! We will build the main house for you and is an opportunity to own your own compound on nearly 1. 5 acres in the heart of Old Mystic Village, located at the end of a cul-de-sac. We're a CT licensed home builder/ developer and will finish this estate for you with a one-year warranty. The property is a large flat lot. The plans for main house are included and all permits are in place. The brand new proposed 2783 sq ft main house is a very nice design. There is a brand-new barn and refurbished guest house almost completed. The proposed main house will be 4 bedrooms, 3 1/2 baths with a two-car garage. The proposed main house has mainly southern exposures off the great room, a master bedroom suite on the first floor with access to the large deck, another two bedrooms just down the hallway with private bath. The natural lighting is exceptional! The second floor will have a bonus bedroom with private bath. This home will be built similar to a Frank Lloyd Wright home, very nice design! The property also has a 700+ sq ft two-bedroom, one bath guest house that is almost finished with a total renovation. It is very rare to have two dwellings on one property in Mystic, 16 Smith Street offers it all. Next to the guest house is a 475 sq ft brand-new barn with cupola. We will build the house to suit, totally custom! Pick your own colors, tile, kitchen, appliances and finishes.
Type | Description | Level |
---|---|---|
Bedroom 1 | Ceiling Fan,Full Bath,Hardwood Floor | Main |
Bedroom 2 | Ceiling Fan,Full Bath,Hardwood Floor | Main |
Bedroom 3 | Main | |
Dining Room | Main | |
Family Room | Cathedral Ceiling,Built-Ins,Ceiling Fan,Fireplace | Main |
Kitchen | Cathedral Ceiling,Breakfast Bar,Dining Area,Hardwood Floor | Main |
Living Room | Cathedral Ceiling,Built-Ins,Ceiling Fan,Dining Area,Fireplace | Main |
Primary Bedroom | Balcony/Deck,Full Bath,Hardwood Floor | Main |
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William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
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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 | $702,400 | $702,400 | $702,400 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.250% | 6.125% | 5.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.003% | 6.234% | 5.805% |
Monthly Tax Payment | $183 | $183 | $183 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,879 | $4,268 | $5,786 |
Total Monthly Payment | $4,154 | $4,543 | $6,061 |
* 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.