Discover the potential of this enchanting Cape Cod-style single-family home, perfectly situated in the heart of Norwich. This residence combines classic architecture with essential modern updates, offering a unique opportunity to create your dream home. This home features 3 generously-sized bedrooms, each with walk-in closets, providing ample storage and organization space. Enjoy the convenience of 2 full bathrooms and a half bathroom, ensuring comfort for family and guests. The master bathroom offers a private oasis within your bedroom suite. The spacious living room is perfect for relaxation and entertaining, while the large dining room is ideal for hosting dinners and special occasions. Both rooms are filled with natural light, creating a warm and inviting atmosphere. Significant updates have been made to this home, including a roof that's only 4 years old, a water heater that's just 2 years old, and a boiler that is only 1 year old. These updates provide peace of mind and enhance the home's efficiency. The detached 3-car garage offers plenty of space for vehicles, storage, or a workshop, making it ideal for various needs. While this home is move-in ready, it presents an excellent opportunity for minor cosmetic updates to tailor the space to your taste. Imagine fresh paint, updated fixtures, or a modernized kitchen and bathrooms to elevate the home's charm and functionality. Home has some peeling paint on the detached garage. Available types of financing to address peeling paint are as follows: CHFA DAP 203k (renovation loan with down payment assistance), FHA 203k (renovation loan), Fannie Mae HomeStyle Loan (renovation loan), VA Renovation Loan (renovation loan), Conventional, and Cash. I specialize in renovation loans and do several a year. Feel free to reach out and learn more about each type of financing.
Type | Level |
---|---|
Bedroom 1 | Upper |
Bedroom 2 | Upper |
Dining Room | Main |
Living Room | Main |
Primary Bedroom | Upper |
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William Raveis Mortgage, LLC
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NMLS Mortgage Loan Originator ID 2104486
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $215,920 | $215,920 | $215,920 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.250% | 6.990% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.582% | 7.171% | 6.518% |
Monthly Tax Payment | $495 | $495 | $495 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,473 | $1,435 | $1,851 |
Total Monthly Payment | $2,043 | $2,005 | $2,421 |
* 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.