The single-family detached property at 605 Old Wellington Road has long been the centerpoint of this Northeast Manchester neighborhood. Converted to condominium in 2023, this home offers 2800+ sq ft of inviting living space. The bright and expansive family-friendly Unit features 4 large bedrooms with overhead fans, and 2 full baths which have each been recently updated. In addition to a huge newly upgraded eat-in kitchen featuring granite counters, LVP flooring and stainless steel appliances including JennAir gas range, there is a separate Dining area and both a Family Room and large Living Room with brick hearth and woodstove. It also boasts a very large newly refurbished deck off the rear of the house which offers private outdoor living space. A new roof was installed in 2022 and also included as part of the Unit is a brand new detached 2-car garage. Nearby to Massabesic Lake, Derryfield Park and McIntyre Ski Area with easy highway access, this property is a wonderful family home which could be converted in later years to a two-family income property and offers tremendous investor possibilities -- now or in the future. Showings Begin 6/29/24
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $398,400 | $398,400 | $398,400 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.125% | 5.990% | 4.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.398% | 6.161% | 5.152% |
Monthly Tax Payment | $644 | $644 | $644 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,421 | $2,386 | $3,125 |
Total Monthly Payment | $3,140 | $3,105 | $3,844 |
* 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.