Arrive at 157 Merrow and let your homeownership dreams begin. This 6-room saltbox has been loved by a single family for over 60 years and is now ready for its next owner. Hardwood floors, a whole house water filtration system installed in 2023, multiple heating systems, three bedrooms that could have a fourth, an eat-in kitchen, a living room that could easily accommodate a deck and sliders reconstruction, and a partially finished basement are some of the wonderful features of this lovely home. Outside, the gently sloping back yard once was the "field of dreams" for the neighborhood. Stone walls and steps were patiently crafted by the homeowner. The property borders the gently meadering Willimantic Rivers. The community of Coventry features award-winning schools, amazing parks, a nationally recognized farmers market, and an historical and antiques downtown district, plenty of restaurants, and a lake for all water types of activities. Nearby is shopping and University of Connecticut educational and cultural needs, as well as trails for cycling and hiking. Stop by, fall in love, and let your dreams begin. Details and pictures to follow
Type | Level |
---|---|
Bedroom 1 | Upper |
Bedroom 2 | Upper |
Dining Room | Main |
Living Room | Main |
Primary Bedroom | Upper |
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William Raveis Real Estate
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William Raveis Mortgage, LLC
Phone: 203.980.8025
Frank.Kolb@raveis.com
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 | $252,000 | $252,000 | $252,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.125% | 6.000% | 4.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.398% | 6.171% | 5.248% |
Monthly Tax Payment | $359 | $359 | $359 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,531 | $1,511 | $1,991 |
Total Monthly Payment | $1,965 | $1,945 | $2,425 |
* 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.