Madison CT - $149, 200 - THE ABSOLUTE BEST SEASHORE HOME VALUE! Located in desirable Young's Village Madison CT. Seasonal beach house ideal for 1-4 persons. Rebuilt in 2003! Turnkey, available furnished! Rare offering is less than a mile walk to toes in the water at Hammonasset Beach State Park, and the sandy shores and glimmering salt waters of Long Island Sound. Walk, bike, car ride to restaurants, beach, bike trail. Village of Madison, upscale shopping, and train are all just 2 miles away. There is no better stretch of sandy beach in CT than here in Madison. The natural beauty found here is special, nature abounds. Called "The Boathouse" this beach house was designed featuring light pine walls and vaulted pine ceilings, electric heat is in every room for chilly nights! Window unit air conditioning as well. Recessed lighting, spectacular thermal pane windows, full kitchen, outdoor hot and cold shower is extra large, enclosed, private deck. Upscale full bathroom w/walk in shower. Private 1000 gallon Septic System (NOT a Cesspool. ) Living room features two upscale futons and can convey. Parking for 2 vehicles. Affordable annual land lease $3600. , taxes $2, 020. , trash $100. June-Sept. Village is seasonal operating April 1-October 31 (7 month season. ) Motorcycles, Boats, Trailers, Renting of any kind, are prohibited. Rare, astute offering for those who want to get away from it all! Fantastic property for both solitude and entertaining! Public water, private septic. Storage shed!
Type | Description | Dimensions | Level |
---|---|---|---|
Kitchen | Remodeled,Eating Space,Softwood Floor | Main | |
Living Room | Remodeled,Softwood Floor | 11.0 x 19.0 | Main |
Primary Bath | Remodeled,Full Bath,Stall Shower,Softwood Floor | 7.0 x 8.0 | Main |
Primary Bedroom | Cathedral Ceiling,Softwood Floor | 12.0 x 9.0 | Main |
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$149,200
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 203.415.2989
Brian.Skelly@raveis.com
NMLS Mortgage Loan Originator ID 793093
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $119,360 | $119,360 | $119,360 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.125% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.456% | 7.171% | 6.276% |
Monthly Tax Payment | $168 | $168 | $168 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $804 | $793 | $1,007 |
Total Monthly Payment | $1,047 | $1,036 | $1,250 |
* 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.