Nestled along the picturesque Back River salt marsh in old Saybrook, this beautiful single-family condominium unit combines a blend of elegance and comfort. The open layout is accentuated by vaulted ceilings enhancing the sense of space and light. The living room/dining combination, features gleaming hardwood floors, and a fireplace, adding warmth and sophistication. The enclosed sunroom is the perfect spot to sit, relax, and watch the cranes and egrets enjoy the marsh. Ample storage and counter space in the kitchen will delight both the amateur chefs and bakers in your household. Brand new refrigerator and range installed this year. Generously sized primary suite with full bath and tons of closet space. 2 additional bedrooms, full bath, laundry area with brand new washer & dryer & a conveniently sized two car garage finish off the space. Downtown Old Saybrook is just a short drive away where you can shop, dine, and take in a performance at The Kate. Or a 5 minute drive will take you to one of the two beaches this beautiful town has. With its serene location, this home combines modern amenities with tranquil surroundings, making it the perfect retreat.
Type | Description | Level |
---|---|---|
Bedroom 1 | Ceiling Fan,Wall/Wall Carpet | Main |
Bedroom 2 | Ceiling Fan,Wall/Wall Carpet | Main |
Dining Room | Vaulted Ceiling,Sliders,Hardwood Floor | Main |
Kitchen | Ceiling Fan,Eating Space,Sliders,Tile Floor | Main |
Living Room | Bay/Bow Window,Vaulted Ceiling,Fireplace,Hardwood Floor | Main |
Primary Bedroom | Ceiling Fan,Full Bath,Wall/Wall Carpet | Main |
Sun Room | Sliders,Wall/Wall Carpet | Main |
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $583,200 | $583,200 | $583,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.125% | 6.125% | 4.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.483% | 6.273% | 5.268% |
Monthly Tax Payment | $604 | $604 | $604 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,544 | $3,544 | $4,609 |
Total Monthly Payment | $4,240 | $4,240 | $5,305 |
* 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. The Total Monthly Payment does not include the estimated HOA/Common Charge payment.