424 East River Road, Barkhamsted (Riverton), CT, 06065 | $439,900

Rarely available, this charming multi-family home has just been reduced & located in the picturesque New England village of Riverton. Nestled directly across from the scenic Farmington River this property offers a unique blend of tranquility and convenience w/ the historic Riverton General Store, Riverton Inn, & Riverton Fairgrounds just a short stroll away. This beautifully remodeled home is divided into two side-by-side units making it perfect for multi-generational living, rental income or a combination of both. The larger unit features 3 spacious bdrms & 1 1/2 bths while the 2nd unit offers 2 bdrms & 1 1/2 bths each thoughtfully updated to provide modern comfort. Both units boast brand-new kitchens & baths equipped w/ the latest fixtures & appliances ensuring a move-in-ready experience for the new owners or tenants. The property spans 2. 2 level acres providing ample space for outdoor activities & future expansion. A barn/carriage house on the property offers a unique opportunity for restoration whether you envision it as a workshop additional living space or storage. This home is an outdoor enthusiast's paradise w/ the Farmington River offering year-round activities such as fishing, kayaking and hiking right at your doorstep. Additionally, for investors this property presents an attractive opportunity w/ significant potential for a strong CAP rate. Whether you're looking for a serene retreat or a savvy investment this Riveerton gem is not to be missed.

Features

  • Town: Barkhamsted
  • Rooms: 10
  • Bedrooms: 5
  • Baths: 2 full / 2 half
  • Units: 2
  • Laundry: Basement Hook-Up(s)
  • Style: Units are Side-by-Side
  • Year Built: 1825
  • Garage: None,Off Street Parking,Driveway,Unpaved
  • Heating: Hot Water
  • Cooling: None
  • Basement: Full
  • Above Grade Approx. Sq. Feet: 2,464
  • Acreage: 2.2
  • Est. Taxes: $6,143
  • Lot Desc: Lightly Wooded,Level Lot
  • Elem. School: Barkhamsted
  • High School: Region 7
  • MLS#: 24023113
  • Days on Market: 170 days
  • Website: https://www.raveis.com
    /prop/24023113/424eastriverroad_barkhamsted_ct?source=qrflyer
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Listing courtesy of Berkshire Hathaway NE Prop.

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NMLS Mortgage Loan Originator ID 81725

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424 East River Road, Barkhamsted (Riverton), CT, 06065

$439,900

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 $351,920 $351,920 $351,920
Term 360 months 360 months 180 months
Initial Interest Rate** 7.000% 6.990% 6.250%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.477% 7.159% 6.498%
Monthly Tax Payment $512 $512 $512
H/O Insurance Payment $75 $75 $75
Initial Principal & Interest Pmt $2,341 $2,339 $3,017
Total Monthly Payment $2,928 $2,926 $3,604

* 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.