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Here is an amazing opportunity! An antique 3-bedroom home, plus another colonial house used as a former business, all on one property! Set on almost 2 acres across the street from the river. Conveniently located near town amenities and within the central business district, this property offers much potential. Use your imagination. The main house built in 1860 has loads of charm and character with hardwood and wide pine floors. It also offers a newer kitchen, newer furnace and has a first-floor laundry room. It was recently occupied but needs some tender loving care to really shine again. The second colonial house was last used as a barber shop many years ago and is currently in need of much work. Properties to be sold in as is condition and may not qualify for some types of financing, Cash or rehab loan would be best. A lot of possibilities here for investors or handy folks looking for a great project. This one could be really worthwhile, a unique offering on the market. Call today.
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William Raveis Mortgage, LLC
Phone: 203.980.8025
Frank.Kolb@raveis.com
NMLS Mortgage Loan Originator ID 81725
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $239,920 | $239,920 | $239,920 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.500% | 6.990% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.095% | 7.141% | 6.152% |
Monthly Tax Payment | $356 | $356 | $356 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,516 | $1,595 | $2,008 |
Total Monthly Payment | $1,947 | $2,026 | $2,439 |
* 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.