This charming property offers a versatile opportunity to transform it into your dream home or investment property. Nestled on a spacious . 53-acre lot in a desirable area with excellent schools, this 3-bedroom, 2-bathroom home currently operates as a beauty salon but can easily be converted back into a residential dwelling with the appropriate permit. As you step inside, you'll be greeted by a welcoming living room leading seamlessly into what could be your future kitchen, complete with existing plumbing ready for appliances. The partially fenced backyard provides privacy and space for outdoor enjoyment, while a front porch invites you to relax and soak in the neighborhood ambiance. Whether you're a first-time buyer looking for a cozy abode, an investor seeking rental potential, or someone eager to customize a space into their own haven, this property presents endless possibilities. Don't miss out on the chance to turn this property into your ideal home sweet home.
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William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 401.474.4879
Whitney.Rugg@raveis.com
NMLS Mortgage Loan Originator ID 7654
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $196,000 | $196,000 | $196,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.477% | 7.159% | 6.498% |
Monthly Tax Payment | $216 | $216 | $216 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,304 | $1,303 | $1,681 |
Total Monthly Payment | $1,595 | $1,594 | $1,972 |
* 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.