Presented byJudy Hyers |
Direct Waterfront 3BR, 2-1/2 bath condominium w. 1-car garage at lovely Dorlon Terrace in "easy" East Norwalk. This is a very special unit located in the A Building (closest to the Clubhouse and Pool) w. open lawn views from both the front and back of the unit. Improvements include: light oak hardwood floors throughout the main living level and stairs; an open "eat-in" galley kitchen w. excellent storage, new countertops and backsplash; new Andersen sliders in both the living room and two upstairs bedrooms; new "engineered" flooring on the second level; new bathroom vanities in the 1/2 and hall baths; new storm and garage doors; and new hot water heater (7/23). Dorlon Terrace completed a $1. 9 million Capital Improvement Program in 2020-21 which included the installation of all new roofs, siding, gutters/leaders, maintenance of the seawall, new sidewalks and driveways, as well as other upgrades. The Capital Assessment for this unit of $38, 011. 40 has been fully paid by the Seller. Dorlon Terrace is convenient to private golf, tennis and beach clubs as well as Calf Pasture Beach and Cove Marina; SoNo and Westport shopping, dining & entertainment; the I-95/RT 7 Connector as well as both the East and South Norwalk RR stations.
Type | Description | Dimensions | Level |
---|---|---|---|
Bedroom 1 | Balcony/Deck,Sliders,Walk-In Closet,Engineered Wood Floor | 12.0 x 15.0 | Upper |
Bedroom 2 | 10.0 x 15.0 | Upper | |
Kitchen | Breakfast Bar,Quartz Counters,Eating Space,Pantry,Hardwood Floor | 13.0 x 14.0 | Main |
Living Room | Ceiling Fan,Combination Liv/Din Rm,Dining Area,Sliders,Hardwood Floor | 15.0 x 24.0 | Main |
Primary Bedroom | Balcony/Deck,Full Bath,Sliders,Walk-In Closet,Engineered Wood Floor | 12.0 x 18.0 | Upper |
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William Raveis Mortgage, LLC
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $620,000 | $620,000 | $620,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.250% | 6.990% | 6.125% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.655% | 7.146% | 6.412% |
Monthly Tax Payment | $767 | $767 | $767 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,229 | $4,121 | $5,274 |
Total Monthly Payment | $5,087 | $4,979 | $6,132 |
* 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.