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BARNDOMINIUM–Exceptional New Construction Opportunity City Chic. This property exudes potential. 3077sqft made up of a 552sqft Tiny House or in-law suite and a 2025sqft shell plus500 sqft half story ready and waiting to be finished. Bring your imagination/inner interior designer to create your own Barndominium inspired by Boston area Brownstones. Charming brick & stone accented condo in an urban location close by to Parks & downtown amenities including some of the best restaurants Manchester has to offer. This unique property has the potential to be transformed/retrofitted into a truly unique 3–4 bedroom residence. Located within the historic St. Thérèse Rosebush Condominiums, this English Stone Carriage House presents a blend of historic charm and modern possibilities. The first floor of the barn could offer impressive 12' ceilings with exposed stone walls in the future kitchen and living area, as well as possible garage space. Water, sewer, electrical and hot water services are already in place. The attached 552 sqft Tiny House as of 6/1 rented at $2, 400/mo is fully furnished, thoughtfully renovated, and features an open-concept layout with a dedicated office area. Roof rights to create a deck, also inc/exclusive access to outdoor land space. If not developed potential Barn rental income of $1500mo for storage Potential subdivision into 2 separate condominiums would require City and Assoc approval. SOLD AS IS Note: sqft reflect proj finished product after buyer const completion
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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 | $323 | $323 | $323 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,121 | $2,234 | $2,846 |
Total Monthly Payment | $2,518 | $2,631 | $3,243 |
* 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.