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This is more than a home-it's a piece of living history. Believed to have been built in 1640, this extraordinary property is one of the oldest surviving residences in Connecticut and a rare connection to the founding days of the Saybrook Colony. Set on 8. 57 private acres bordered by original New England stone walls, this property invites you to restore and reimagine a true American treasure. Expanded in the 1800s and again in the 1970s, the home now offers approximately 2, 700 square feet of living space with two bedrooms, one and a half baths, and graciously sized rooms full of warmth, character, and stories. A cedar closet upstairs and solid wood cabinetry are just a few of the charming period details that remain. The expansive detached barn features a garage below and an enormous light-filled studio above-once the creative haven of renowned artists Fred & Elsie Buchholz, Gladys Fitsch and Karen Bull-Haley. This space offers incredible potential as an artist's retreat, a musician's studio, a first-floor primary suite, or a private home office with its own entrance. Outdoors, you'll find a peaceful, pastoral landscape with perennial gardens including Lenten roses, and a babbling brook. Surrounded by undeveloped land and located just across from Beckett Hill State Park and Nehantic State Forest, nature lovers will appreciate the unmatched privacy and access to hiking, boating, and all that the Lyme area has to offer. Paperwork for installation of septic tank in 2018, radon and water test results are included in the MLS attachments. Property being sold "As-is" which is reflected in the price.
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William Raveis Real Estate
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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 |
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---|---|---|---|
Loan Amount | $391,200 | $391,200 | $391,200 |
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 | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,441 | $2,570 | $3,275 |
Total Monthly Payment | $2,516 | $2,645 | $3,350 |
* 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.