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DIRECT WATERFRONT, SANDY BEACH at one the most treasured beaches of the 14-mile shoreline of Milford, CT. In Bay View's private cove, these two original beach cottages have been enjoyed for a century! OPPORTUNITY NOW to fully renovate each of the cottages or build your vision of a new home on this beach land. Swim, Kayak, boat, windsurf - all from your water's edge. Milford has everything at easy reach, restaurants, parks, a full calendar of events on the Milford Green, golf, tennis, pickleball, shopping, nature centers, boardwalks & more! Location is 60 miles from NYC, & only 12 miles to the coastal city of New Haven, home of Yale University with all the institution's Museums & Art Galleries, and restaurants. Both cities have easy train access, minutes from I-95 or Merritt Parkway, Ferry to Long Island is only 10 miles away. This prime location beach property is being offered AS IS, WHERE IS, and includes all contents. Cash-only buyers with proof of funds. Buyer to do all due diligence. A little piece of shoreline delight awaits you in this special Bay.
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Our Executive Mortgage Banker:
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For homebuyers and sellers, our Attorney Network:
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William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Senior Vice President - Coaching & Strategic
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 | $880,000 | $880,000 | $880,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.750% | 6.375% | 6.125% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.282% | 6.486% | 6.307% |
Monthly Tax Payment | $916 | $916 | $916 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $5,135 | $5,490 | $7,486 |
Total Monthly Payment | $6,176 | $6,531 | $8,527 |
* 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.