Fully renovated New Englander with brand new studio apartment above a new construction, oversized, two-car garage. The property has enjoyed impressive upgrades over the last couple of years, resulting in a spacious and comfortable home with rental income potential, a home business with great visibility and still room left over for a workshop or more. Located close to the vibrant downtown of Lancaster, let this be your gateway to the North Country. The original home has a spray foamed basement for efficiency, oil, pellet and wood options for heating. All the bedrooms and bathrooms have been tastefully redone. The new construction garage/studio apartment is stunning. A modern, open concept design is inviting, featuring a walk in closet with laundry, a bright kitchen and mini split hvac for winter and summer enjoyment.
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$575,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $460,000 | $460,000 | $460,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.250% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.655% | 7.146% | 6.276% |
Monthly Tax Payment | $609 | $609 | $609 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,138 | $3,057 | $3,879 |
Total Monthly Payment | $3,839 | $3,758 | $4,580 |
* 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.