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Waterfront property with sandy beach, spectacular views and a rentable in-law apartment! Welcome to Echo Lake, a serene lake surrounded only by a few households and lots of protected Joshua's Trust land. Enjoy breathtaking views all year round from both levels of this very well-maintained home. The main level features an updated eat-in kitchen with beautiful solid oak cabinets, lots of storage and countertop space. The large living room has a fireplace with Heatilators for efficiency. Enjoy the enclosed wraparound porch with windows and screens, which adds nearly 200 sq ft of extended three-season use to the main level. The lower level walk-out also offers panoramic views of the lake, and the large windows let in plenty of natural light. Updates here include the kitchen, modern flooring and a gorgeous full bathroom. A second screened-in porch is perfect for your morning tea! This apartment is currently rented for $1, 500/mo (tenant leaves mid May) and could also be perfect for your overnight guests or personal use, rounding out the total finished sq' to a very comfortable 1, 281. Bonus: a walk-up attic and two-car garage for storage! The yard is landscaped with impressive boulder retaining walls, a flat grassy area for entertaining, a sandy beach and your own dock is also included. Excellent proximity to many amenities, including UCONN, ECSU, the new Mansfield Elementary School, the Mansfield library, hiking and parks, shopping and more! Don't miss this unique opportunity!
Type | Description | Dimensions | Level |
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Bedroom 1 | Hardwood Floor | 10.2 x 10.6 | Main |
Eat-In Kitchen | Breakfast Nook,Pantry,Vinyl Floor | 11.0 x 17.0 | Main |
Full Bath | Tub w/Shower,Vinyl Floor | 7.3 x 5.9 | Main |
Living Room | Book Shelves,Fireplace,Hardwood Floor | 11.3 x 20.8 | Main |
Primary Bedroom | Hardwood Floor | 10.2 x 14.7 | Main |
Studio Apt | Book Shelves,Fireplace,Full Bath,Laminate Floor | 14.4 x 31.2 | Lower |
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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 | $420,000 | $420,000 | $420,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.500% | 6.875% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.058% | 7.063% | 6.132% |
Monthly Tax Payment | $364 | $364 | $364 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $2,655 | $2,759 | $3,516 |
Total Monthly Payment | $3,111 | $3,215 | $3,972 |
* 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.