Highest and Best Monday April 28th, 2025 5: 00pm EST. This property offers significant potential for investors or developers seeking a project with substantial upside. Located in a convenient area of Enfield, 1 Knox Street is in need of rehabilitation, making it an ideal candidate for value-add improvements. Key Features: * Prime Location: Easy access to major highways, including Interstate 91, and close to local amenities. * Development Potential: The property's size and layout make it versatile for various uses. * Rehab Opportunity: Requires a full renovation, presenting a blank canvas for creative vision. Whether for resale, rental income, or a business venture, 1 Knox Street offers a compelling opportunity. Property Owned by Town of Enfield, all offers will be reviewed by the town in May.
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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 | $39,600 | $39,600 | $39,600 |
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 | 7.109% | 7.166% | 6.268% |
Monthly Tax Payment | $323 | $323 | $323 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $254 | $263 | $334 |
Total Monthly Payment | $652 | $661 | $732 |
* 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.