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Nestled on 1. 85 acres along the prestigious Ocean Ave in New London, this property is a rare gem that blends historic charm with modern convenience. Built in 1825, this 2604 sq. ft. home has been thoughtfully upgraded and expanded over the years, offering a seamless mix of timeless elegance and contemporary living. Step inside and be greeted by a spacious and inviting layout. The first floor presents a unique opportunity for a bedroom with a full bath, perfect for guests or single-level living. The study, complete with a cozy fireplace, exudes charm and warmth, making it an ideal spot for reading or working from home. The living room is expansive and filled with natural light, while the dining room and eat-in kitchen provide plenty of space for entertaining and family gatherings. And let's not forget the sunroom-a tranquil retreat where you can soak in the beauty of the surrounding private, tree-lined setting. With four bedrooms upstairs, there's room for everyone to spread out and enjoy their own space. The property's lush 1. 85 acres offer a serene escape, with mature trees providing privacy and a picturesque backdrop. This is more than just a house, it's a piece of history waiting for its next chapter. Close to Ocean Beach Park, L&M Hospital and Electric Boat! Don't miss your chance to own this stunning home on Ocean Ave. Schedule your showing today-you won't be disappointed!
Type | Description | Dimensions | Level |
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Bedroom 1 | 5.5 x 8.2 | Upper | |
Bedroom 2 | Hardwood Floor | 13.0 x 11.7 | Upper |
Bedroom 3 | Hardwood Floor | 13.5 x 13.0 | Upper |
Dining Room | 9.5 x 14.5 | Main | |
Living Room | 13.0 x 22.5 | Main | |
Office | Ceiling Fan,Laminate Floor | 13.0 x 11.5 | Main |
Primary Bedroom | 13.3 x 17.5 | Upper | |
Study | Book Shelves,Built-Ins,Fireplace,Hardwood Floor | 13.5 x 13.5 | Main |
Sun Room | 12.0 x 17.8 | Main |
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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 | $340,000 | $340,000 | $340,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.375% | 6.875% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.007% | 7.063% | 6.132% |
Monthly Tax Payment | $735 | $735 | $735 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,121 | $2,234 | $2,846 |
Total Monthly Payment | $2,931 | $3,044 | $3,656 |
* 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.