Presented byJanet Warren |
Unique opportunity to invest in this legal two family near Bunnell High School and convenient to Paradise Green. This long-time family home was built by the owner's grandfather in 1930. 1st floor unit needs TLC but second floor unit has been redone. Attic has skylight and was dormered and finished and just needs a completed kitchen in case a future owner would like to explore making the house a legal three family. 1st and 2nd floor heating systems are newer (January of 2023 and February of 2018, respectively) but the third floor unit needs replacement. Roof is 10-15 years old, according to owner. The lot is very deep and private with a shed and fenced area for gardening and relaxing. Rent could be much higher on 2nd floor. Owner lives on 1st floor. Finished attic is not occupied. Some appliances need replacement: 3rd floor dryer, basement dryer, and 1st floor stove. Front porches on first two floors. Good investment property or perfect for an extended family home. All gas heating systems and hot water tanks which are also newer (2nd floor is 4 years old and 3rd floor is six years old) Monthly water bill for whole house is approximately $50.
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Sales Associate
William Raveis Real Estate
Phone: 203.610.1124
Janet.Warren@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 203.274.0501
Gerry.OBrian@raveis.com
NMLS Mortgage Loan Originator ID 223191
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $431,200 | $431,200 | $431,200 |
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 | 7.563% | 7.159% | 6.276% |
Monthly Tax Payment | $644 | $644 | $644 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $2,869 | $2,866 | $3,636 |
Total Monthly Payment | $3,605 | $3,602 | $4,372 |
* 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.