Opportunity Awaits: Calling all investors. . . This 3-bedroom 2. 5 bath plus HUGE loft and open floor plan home is waiting for its new owner. Main floor living offers a dining room/office area, an open kitchen/eating area, a 2-story great room with gas fireplace and a primary bedroom. One of the upstairs bedrooms has a "secret room" great for a second small office or a cute play area. You can enjoy the fall evening sitting out on the screened porch or patio overlooking your fenced-in backyard. There’s plenty of storage space in both the garage and attic. Nestled in a cul-de-sac that sits across from the 10 acre recreational amenities, this home provides a canvas ready to be transformed and provides a clean slate for the new owner to infuse their unique style and breathe new life into every corner. Orchard Farms is known for its swim team, outstanding amenities and award winning schools. Priced with this in mind, the property invites those seeking to invest some sweat equity and embark on a journey of renovation and personalization. The property is being sold in as-is condition and may not qualify for FHA, VA, or USDA loans.
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Our Executive Mortgage Banker:
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$325,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 401.474.4879
Whitney.Rugg@raveis.com
NMLS Mortgage Loan Originator ID 7654
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $260,000 | $260,000 | $260,000 |
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 | $107 | $107 | $107 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,730 | $1,728 | $2,193 |
Total Monthly Payment | $1,912 | $1,910 | $2,375 |
* 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. The Total Monthly Payment does not include the estimated HOA/Common Charge payment.