Not for the faint of heart, but with some sweat equity, this one-of-a-kind property offers a rare opportunity for those with vision and a passion for transformation. A contemporary octagonal design, this unique home is full of surprises. With a reverse-living floor plan, this 3BR/2BA home is brimming with potential. The first floor features two bedrooms, a full bathroom, and an additional living space/den, while the upper level is where the magic happens! A spacious bedroom suite, small office/den area and an open-concept living/dining room with impressive cathedral ceilings await. The expansive living and dining areas are flooded with natural light through an abundance of windows, creating an inviting, airy atmosphere. The kitchen effortlessly flows into the living space, making it perfect for entertaining. Step outside onto one of the two decks to take in the surrounding nature and fresh air. Situated on over 2 acres of serene, wooded land on a peaceful residential street, you'll enjoy the perfect balance of privacy and convenience, just minutes from town. The home will require updates and repairs, will not qualify for FHA/USDA/VA- Cash, Conventional, or Rehab only.
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William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 203.415.2989
Brian.Skelly@raveis.com
NMLS Mortgage Loan Originator ID 793093
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $159,920 | $159,920 | $159,920 |
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 | $493 | $493 | $493 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,105 | $1,063 | $1,349 |
Total Monthly Payment | $1,673 | $1,631 | $1,917 |
* 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.