3 Indian Hill Avenue, Portland (Gildersleeve), CT, 06480 | $249,000

*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.

Features

  • Town: Portland
  • Rooms: 7
  • Bedrooms: 3
  • Baths: 2 full
  • Style: Cape Cod
  • Year Built: 1747
  • Heating: Steam
  • Cooling: None
  • Basement: Full,Dirt Floor,Full With Walk-Out
  • Above Grade Approx. Sq. Feet: 1,645
  • Acreage: 0.38
  • Est. Taxes: $5,064
  • Lot Desc: Corner Lot,Dry
  • Elem. School: Gildersleeve
  • High School: Portland
  • Appliances: Electric Range,Oven/Range,Range Hood,Dishwasher
  • MLS#: 24096706
  • Website: https://www.raveis.com
    /prop/24096706/3indianhillavenue_portland_ct?source=qrflyer
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Listing courtesy of Eagle Eye Realty PLLC

Room Information

Type Level
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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Frank KolbSenior Vice President - Coaching & Strategic, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 81725

203.980.8025

Frank.Kolb@raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
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Our Insurance Division:

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    Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable

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    requirements, sets up escrows and title insurance, coordinates closing documents
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3 Indian Hill Avenue, Portland (Gildersleeve), CT, 06480

$249,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Frank Kolb

Senior Vice President - Coaching & Strategic

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 $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.