This property is located in a residential/commercial high traffic and visibility area. The property was once a residential home and transformed into a daycare previously. The building is now set up as a contractor's showroom. The property is set up as a single use occupancy or the availability to have 2 separate businesses with a locked door in between with separate heating/cooling systems. There are many new upgrades within the last couple of years to include roof, siding, recessed lighting, interior and exterior doors, windows and hardwood floors (floors are mostly refinished, only some new), new plumbing, electrical, insulation, drywall and finish fixtures. One side is an open concept area while the other side has a nice front area with a fireplace (has not been used) and 3 rooms to be used as storage and or offices. Each side has two bathrooms to accommodate any business that may occupy it. This property also will come with the vacant 10K sq ft paved lot that is used for additional parking across the street (17 Main Street). Opening a business on this property will require town Zoning board approval, providing an opportunity for the new owner to tailor the space to their specific needs and secure necessary permits. Buyers and buyer’s agents are responsible for all due diligence. Delayed showings until July 25, 2024
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $580,000 | $580,000 | $580,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.551% | 7.159% | 6.276% |
Monthly Tax Payment | $526 | $526 | $526 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,859 | $3,855 | $4,891 |
Total Monthly Payment | $4,477 | $4,473 | $5,509 |
* 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.