Prime Location in Sandwich Village! This charming, legal two-family home from the mid-1800s is situated in the coveted heart of Sandwich Village. Its highly desirable village zoning allows for a variety of uses. Embrace the Village lifestyle--spend your days at the beach, paddle down Mill Creek, grab coffee from the local bakeries, and dine at one of the five-star restaurants--all without the need for a car!The property is configured as two townhouse-style units, each offering three floors of living space and first floor living. You can live in one unit and rent out the other, benefiting from its excellent rental history. Each unit has its own electric meter, natural gas boiler, and septic tank, making it an ideal investment as is or turn it into condos, which won't require town approval!The home features numerous updates, including newer boilers, roof, Harvey windows, and fresh exterior painting. Unit A boasts extensive renovations with a brand-new kitchen, updated bathrooms, and beautiful hardwood flooring upstairs. This is a rare opportunity for a location that doesn't come available often. Don't let this fantastic chance slip by! Unit 2A is also available as a condo.
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$1,249,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Senior Vice President - Coaching & Strategic
William Raveis Mortgage, LLC
Phone: 203.980.8025
Frank.Kolb@raveis.com
NMLS Mortgage Loan Originator ID 81725
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $999,200 | $999,200 | $999,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.000% | 5.875% | 5.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.963% | 5.983% | 5.805% |
Monthly Tax Payment | $693 | $693 | $693 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $5,364 | $5,911 | $8,231 |
Total Monthly Payment | $6,182 | $6,729 | $9,049 |
* 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.