Welcome to 87 Teneriffe Road, conveniently located just under a mile from the Town Beach! Tucked back on a quiet residential road, you'll find this 2019 new construction ranch to be the perfect place to put down roots and relax. Featuring a 3 Bedroom, 2 bathroom main house connected via an ample mudroom to a 1 bedroom 1 bathroom Accessory Dwelling Unit this property offers so much space for multi-generational living. Both units have open concept floor plans with premium features like granite counters, a walk-in pantry, and step-in shower. Thoughtfully designed, this home makes great use of space and has over 1, 800 sf of unfinished basement storage, a 2-car drive-under garage, and another separate detached garage! Entertain on the full length deck, where you can host family and friends for pool parties. Pass the evenings around the fire pit, and enjoy the clear night skies, unspoiled by light pollution. This is quiet country living! 40 minutes to the Portsmouth Naval Shipyard, 60 minutes to the White Mountains, and just under 2 hours to Boston, this is perfectly located for those who want space without the isolation. Residents have access to the town beach, with playground. There's a variety of local restaurants nearby as well, with your major grocers in nearby Rochester. Come try this house on for size! Showings available by appointment. Please give 24 hours notice.
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $595,200 | $595,200 | $595,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.250% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.655% | 7.146% | 6.276% |
Monthly Tax Payment | $732 | $732 | $732 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,060 | $3,956 | $5,019 |
Total Monthly Payment | $4,884 | $4,780 | $5,843 |
* 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.