Presented byLiz Eckert |
Ideal property for investors, or homeowner looking for additional income. So many ways to cash in on this property. . . . either live in the beautifully remodeled home and build out the large finished space above the garage for a rental property, or rent out both, or rent out the garage space to a small business owner who needs massive garage space for their vans or trucks. With a huge paved driveway, there is off the street parking for more than a dozen vehicles, and the shed on the property offers great additional storage. The primary residence has been updated with an open concept kitchen, re-finished floors, updated staircase, new bathrooms, new light fixtures, new appliances and new paint. The home is situated on a flat . 46 acre lot just steps from the Ivoryton playhouse and near Essex and Old Saybrook beaches, train and shopping. 2 Hours from NYC and 2 Hours to Boston, this property is a money maker ready for immediate occupancy. Come check it out today!
Type | Description | Level |
---|---|---|
Bedroom 1 | Hardwood Floor | Upper |
Full Bath | Main | |
Full Bath | Hardwood Floor | Upper |
Kitchen | Hardwood Floor | Main |
Living Room | Hardwood Floor | Main |
Office | Hardwood Floor | Upper |
Primary Bedroom | Hardwood Floor | Upper |
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William Raveis Mortgage, LLC
Phone: 203.952.8600
Joseph.Mollica@raveis.com
NMLS Mortgage Loan Originator ID 130058
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $471,999 | $471,999 | $471,999 |
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 | $369 | $369 | $369 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,220 | $3,137 | $3,980 |
Total Monthly Payment | $3,681 | $3,598 | $4,441 |
* 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.