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*A moment in time*. This is a very rare opportunity to own a piece of Portland History. The Job Bates Home was crafted in or around the year of 1747 and is available for the first time in 53 years. Located near the CT River this home is unique in so many ways. With original features such as wide plank flooring, not one but 2 beautiful original brownstone and fieldstone fireplaces, built in nooks and shelving, hand crafted doors and windows and original foundation that is still very much in tact. There have been some modern updates as well. Like the oiled fired furnace, updated electrical, generator panel and a partially finished addition that adds a bunch of first floor space. With 4 bedrooms and 2 full baths and over 1500 square feet, this property is looking for some renovations to bring it back to its glory. The opportunity to create something special is right here at 3 Indian Hill. While the property is located in the Gildersleve Historic District it is not under the historic registry status. This means that the property has the benefit of possibly being eligable to apply for grant funding for preservation of the structure. While the designation has no strings attached regarding changes or use, if grant funding is awarded it may have specific requirements limiting changes and use. This property could be beautifully restored or torn down. Property is zoned B2. Vol/Page - 740/311 Property is being sold in " as is" condition. Agents and their clients are responsible for doing their own due-diligence.
Type | Level |
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Bedroom 1 | Upper |
Bedroom 2 | Main |
Dining Room | Main |
Family Room | Main |
Full Bath | Main |
Full Bath | Upper |
Great Room | Main |
Kitchen | Main |
Living Room | Main |
Other | Upper |
Other | Upper |
Primary Bedroom | Main |
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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 | $199,200 | $199,200 | $199,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.625% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.159% | 7.166% | 6.268% |
Monthly Tax Payment | $422 | $422 | $422 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,276 | $1,324 | $1,680 |
Total Monthly Payment | $1,773 | $1,821 | $2,177 |
* 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.