Discover the potential of this charming Cape Cod fixer-upper nestled on one of Monroe's most picturesque country roads, Berry Road. This property spans nearly 4. 5 acres, including the house and two adjacent lots, offering a unique opportunity to create your dream home. The main parcel of land includes the house, which sits on 0. 88 acres, while the two additional lots provide 2. 1 acres to the side and 1. 5 acres at the back. Enjoy serene water views from the property, perfect for relaxation and tranquility. The septic was pumped in 2022, a new expansion tank installed in November 2022 , and the Amtrol hot water heater is serviced by Carpenter and Smith. Additionally, the fireplace was functional as recently as five years ago, adding warmth and charm to the home. Embrace the potential of this expansive property and bring your vision to life on Berry Road. All in Monroe Woodbury Schools in a great commuter location.
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Our Executive Mortgage Banker:
Our Insurance Division:
$300,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 347.223.0992
Sarah.Alvarez@Raveis.com
NMLS Mortgage Loan Originator ID 1880936
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $240,000 | $240,000 | $240,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.875% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.477% | 7.055% | 6.256% |
Monthly Tax Payment | $806 | $806 | $806 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,597 | $1,577 | $2,024 |
Total Monthly Payment | $2,478 | $2,458 | $2,905 |
* 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.