649 Redding Road, Redding (Gallows Hill), CT, 06896 | $640,000

Redding is CT's most sought after quintessential small town to live in, and this home allows the opportunity to start making your memories here. Located just minutes from the train station to NYC and set on the Saugatuck River banks this was once part of a thriving well-known tree farm. Beautiful level property that surrounds the house is exceptional and embracing the house is mature trees and landscaping. Ranch style home with a newly installed Four-bedroom septic allows for additional bedroom expansion with an easy start to remodeling. When entering the foyer, you immediately view the lovely private rear property. Living room and dining room are both accented by a fireplace, and sliders to the deck. Fully equipped kitchen captures the morning sun and makes for a great gathering spot to prepare meals. Family room is off the kitchen, boasting a beautiful stone fireplace where you will be sure to sit around during the soon to be cool evenings. The full basement has possibilities to be finished off with all the windows allowing for sunshine all day. Three car garage is another feature. This home can be purchased with additional acreage. Two building lots with approved septics surround this property and can be purchased with the property allowing the opportunity to make a household compound or start your own tree farm business again. The possibilities are endless! Fishing on the riverbanks, enjoying privacy and living in the town of Redding make this a wonderful opportunity

Features

  • Town: Redding
  • Rooms: 7
  • Bedrooms: 3
  • Baths: 2 full
  • Laundry: Lower Level
  • Style: Ranch
  • Year Built: 1974
  • Garage: 3-car Under House Garage,Off Street Parking,Driveway,Unpaved
  • Heating: Hot Air
  • Cooling: Central Air
  • Basement: Full,Full With Walk-Out
  • Above Grade Approx. Sq. Feet: 1,808
  • Acreage: 2.1
  • Est. Taxes: $9,923
  • Lot Desc: Level Lot,Open Lot
  • Water Front: Yes
  • Elem. School: Redding
  • Middle School: Per Board of Ed
  • High School: Joel Barlow
  • Appliances: Electric Range,Refrigerator,Dishwasher
  • MLS#: 24038898
  • Days on Market: 0 day
  • Website: https://www.raveis.com
    /raveis/24038898/649reddingroad_redding_ct?source=qrflyer
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649 Redding Road, Redding (Gallows Hill), CT, 06896

$640,000

Connie Strait

Sales Associate

William Raveis Real Estate

Phone: 203.948.4906

Connie.Strait@raveis.com

Matthew DeMaria

VP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 845.290.3871

Matthew.DeMaria@raveis.com

NMLS Mortgage Loan Originator ID 147983

5/6 (30 Yr)
Adjustable Rate Conforming*
30 Year
Fixed-Rate Conforming
15 Year
Fixed-Rate Conforming
Loan Amount $512,000 $512,000 $512,000
Term 360 months 360 months 180 months
Initial Interest Rate** 6.500% 6.125% 5.375%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.490% 6.297% 5.597%
Monthly Tax Payment $827 $827 $827
H/O Insurance Payment $92 $92 $92
Initial Principal & Interest Pmt $3,236 $3,111 $4,150
Total Monthly Payment $4,155 $4,030 $5,069

* 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.