Dramatic price correction. Motivated sellers. . 11 acre property just steps to beautiful sandy Wildemere beaches. Rare opportunity to have a large piece of property with water views, walk to beaches and enjoy the best of Milford beach living. This home was built as a cottage in 1920 and the first floor retains the charm of a beach cottage with white wainescotting on the walls and ceiling and quaint "hidden" builtin storage along with the quirks of an older beach home. Previous owners added a large 2 story addition mixing the design of yesteryear's beach bungalows with modern living amenities. This home now offers a truly unique beach house experience with incredible flex spaces, water views, exceptional offstreet parking and backyard that feels like a private wooded sanctuary just steps from the shore. Start everyday with your toes in the sand and a cup of coffee, or take your kayak out and enjoy the sun glistening on the water and timeless views Charles Island. Bring your design ideas and refresh this beach house to the gem of the Milford shoreline that it can be. Ideal for year around living, rental property or an easy remodel project. 23 Hauser is the rear part of the property. It can only be used to for additional construction/additions/pools/garages/ etc for 26 Fairwood, it cannot have its own structure built on it. Buyers should do their due diligence with the city of Milford. Home to be sold in as-is condition. Subject to seller finding suitable housing. Tub jets in second level full bath do not work. Central air is on 2nd and 3rd floor only but is currently not working.
Type | Description | Level |
---|---|---|
Bedroom 1 | Hardwood Floor | Main |
Bedroom 2 | Hardwood Floor | Main |
Dining Room | Hardwood Floor | Main |
Great Room | Hardwood Floor | Upper |
Living Room | Skylight,Built-Ins,Hardwood Floor | Main |
Media Room | Hardwood Floor | Upper |
Primary Bedroom | Balcony/Deck,Hardwood Floor | Upper |
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NMLS Mortgage Loan Originator ID 81725
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $607,200 | $607,200 | $607,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.551% | 7.159% | 6.276% |
Monthly Tax Payment | $675 | $675 | $675 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,040 | $4,036 | $5,121 |
Total Monthly Payment | $4,807 | $4,803 | $5,888 |
* 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.