This antique home on a large corner lot is bursting with potential! Located in the heritage district near downtown Dover, there are so many reasons to invest your resources in this opportunity. The home is in need of renovations and upgrades so bring your vision and explore all the options. The home was built late in the 19th century and has all the charm and character of that era in keeping with other homes in the Heritage District. The covered porch and full bay windows give the home a welcoming front entrance. Inside, the spacious living and dining rooms encourage gathering for holidays and homecomings. The large eat-in kitchen gives space for casual dining and morning coffee. There is a walk-in pantry for added storage and work space, or could be converted to a laundry room to bring the w/d up from the basement. The large addition beyond the kitchen serves as a first floor bedroom but is currently used as a family room, with a gas stove and sliding door out to the deck. Upstairs you will find two additional bedrooms, an office, and a large bath with soaking tub, shower, bidet and commode. The basement boasts a walk-out bonus room (mancave), a gun room, a small garage, storage room, and unfinished utility space. This property has plenty of room - inside and out - to explore options for ADU, multi-family, or subdividing - buyer to do due diligence. Come and see all that this home has to offer. Showings begin with Open Houses October 11 4: 30 – 6 and October 12 11-1.
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $487,200 | $487,200 | $487,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.375% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.708% | 7.133% | 6.256% |
Monthly Tax Payment | $827 | $827 | $827 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,365 | $3,238 | $4,109 |
Total Monthly Payment | $4,284 | $4,157 | $5,028 |
* 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.