Step into the timeless charm of Beachstone at 14 Kay Boulevard, Middletown! This cherished family home, dating back to 1917, is hitting the market for the first time in over five decades. Spanning a generous 7, 000 square feet on an approx. 15, 000 square foot lot, Beachstone boasts beautiful woodwork, high ceilings and original details that add to its charming character. While officially listed as a 6-bed, 3. 5-bath residence, there are bonus rooms on the 3rd floor that can easily serve as add'l bedrooms, along with a legal 500 s/f apartment above the 1-car garage. Although technically a multi-family property, Beachstone feels like a true single-family home, with the separate garage apartment that offers potential rental income. Outside, you'll find a spacious yard, perfect for outdoor gatherings, a deck, and plenty of parking for multiple cars. With a newer roof (3yrs) and a large unfinished basement, this home provides a solid foundation for future improvements. The property has been well-cared for over the years, boasting sturdy bones and offering a blank canvas for potential upgrades and cosmetic tweaks. Don't miss out on the chance to call this historic gem your own and create new memories within its timeless walls. With a little love and creativity, this special property can easily be brought back to its vibrant self, offering an exciting opportunity for its next owner. Discover the endless possibilities that await at Beloved Beachstone! Also as Multi Fam MLS #1365961
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Our family of companies offer our clients a new level of full-service real estate. We shall:
To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
Our Insurance Division:
$1,995,000
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 Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $1,596,000 | $1,596,000 | $1,596,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.375% | 6.250% | 5.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.850% | 6.360% | 5.930% |
Monthly Tax Payment | $852 | $852 | $852 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $8,937 | $9,827 | $13,253 |
Total Monthly Payment | $9,914 | $10,804 | $14,230 |
* 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.