Looking for space to roam? Almost 6 acres in Gray Court, this one has three dwellings with two small ponds and borders a creek. A rustic 3-bedroom, one bath home with new metal roof in 2015, and new HVAC in 2006, a quaint cabin with vaulted ceiling, claw foot tub and wood burning stove and 2-bedroom, 1 bath mobile home all included. Need storage for equipment? There are several out buildings; including a large open shed that was once a sawmill, an enclosed shop with electricity, and a storage shed that was used for canning but can be used for crafts/sewing, a playhouse or storage room. The home and cabin were built with lumber from the sawmill, including the exposed beams, flooring and cabinets. If you love recreation and the great outdoors, you have room for ATV trails, hunting, and fishing in your private ponds, this could what you have been looking for. With three separate dwellings, this could be a great hunting lodge or family compound. And bring your pets, approximately 1/3 acre fenced in front. With a little work, you can make this your dream home with all of the space to roam! Will not qualify for FHA. Conventional may be questionable due to multiple dwellings on property. CASH offers preferred. Being sold AS IS.
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William Raveis Real Estate
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VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 401.474.4879
Whitney.Rugg@raveis.com
NMLS Mortgage Loan Originator ID 7654
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $204,000 | $204,000 | $204,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.551% | 7.159% | 6.276% |
Monthly Tax Payment | $30 | $30 | $30 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,357 | $1,356 | $1,720 |
Total Monthly Payment | $1,462 | $1,461 | $1,825 |
* 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.