Presenting a rare find in the Black Point Beach Club Assoc. This architecturally exquisite home has been crafted using the best materials with an eye for sumptuous living and entertaining. The grand foyer welcomes you and is perfect for party set-up. Each and every room has been designed with gorgeous custom mill-work and copious storage allowing for optimum usage. There are multiple arched doorways and french doors leading to many entrances. It is hard wired for music in most of the rooms. Two staircases lead to the upper level. A covered balcony is shared with the Primary Suite and a guest room. One of the five bedrooms was used as an office with french doors opening to another balcony looking out towards the Bay and town. The Sunroom opens to a lovely patio for enjoying your coffee. Four cars plus will fit in the garage. The huge dry basement could be finished as well. Close by is the Black Point Market, Clubhouse, multiple tennis courts, Bocce & Pickle ball courts, playground, summer camp for the tots, programs for the adults, swimming rafts, boat docks, multiple swimming beaches. The town of Niantic provides great restaurants, boutiques, a mile long Boardwalk, marinas and is accessible to major commuting roads, trains and airports. No flood insurance required. The property is serviced by city water and sewers. Bl Pt Beach Ass. is it's own tax district. This property will please any generation with its wonderful flow and amenities. The original house was built in 1930 and was taken down to the studs. The addition was completed in 2012.
Type | Description | Level |
---|---|---|
Bedroom 1 | Ceiling Fan,Walk-In Closet,Wall/Wall Carpet | Upper |
Bedroom 2 | Ceiling Fan,Wall/Wall Carpet | Upper |
Bedroom 3 | Ceiling Fan,Wall/Wall Carpet | Upper |
Bedroom 4 | Ceiling Fan,Wall/Wall Carpet | Upper |
Dining Room | Hardwood Floor | Main |
Living Room | Book Shelves,Built-Ins,Wet Bar,Gas Log Fireplace,French Doors,Patio/Terrace | Main |
Primary Bedroom | Balcony/Deck,Bedroom Suite,Ceiling Fan,French Doors,Full Bath,Walk-In Closet | Upper |
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $960,000 | $960,000 | $960,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.750% | 6.500% | 6.000% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.844% | 6.597% | 6.158% |
Monthly Tax Payment | $1,114 | $1,114 | $1,114 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $5,602 | $6,068 | $8,101 |
Total Monthly Payment | $6,841 | $7,307 | $9,340 |
* 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. The Total Monthly Payment does not include the estimated HOA/Common Charge payment.