Need space for in-laws or adult kids? Or an in home business? This special property offers several options to help share the cost of living through multigenerational living/in-law or in-home business and even potential of an ADU with the two-level detached garage. Although a bit deceiving from the outside this property is spacious offering 5 bedrooms and 2 full baths. The first floor has 2 large bedrooms, an updated full bath, a huge living room and dining room and eat-inn kitchen and even lovely sunroom with French doors--currently an office. There is hardwood under most carpets and an abundance of closet and storage space. The second level includes 2 large bedrooms and an open landing that would make a great kids play area, closet area or office. Extra opportunity abounds with the the nicely finished and spacious lower level which includes a second kitchen, bedroom/office TWO laundry rooms and TWO separate driveways one on Dexter and the other on Lund St. that can accommodate parking for more than 6 cars (or even a large RV!) The detached garage offers additional potential for an Accessory Dwelling (ADU) with a full attic space above. Covered portico leading to garage and fenced in patio area, 4 zone irrigation system. The location is convenient to everything. . . quick access to Rt 3, stores, restaurants, hospitals, gas stations, downtown etc. Easy to see, quick closing is possible. Make this property work for YOU $$!!
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $420,000 | $420,000 | $420,000 |
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 | $641 | $641 | $641 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $2,865 | $2,791 | $3,542 |
Total Monthly Payment | $3,598 | $3,524 | $4,275 |
* 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.