This is a rare opportunity to own TWO homes that are nicely situated on ONE lot located in the South Pond area of Lake Congomond. This versatile property is great for an investor, perfect for the purchaser looking for additional income or if in need of an inlaw apartment this has the best of both worlds. It will allow you to keep your love one close by and still have your own living space and privacy. Unit 2 (#358-yellow house) has immediate occupancy with 2 bedrooms, updated kitchen with fresh paint, updated bath, newer flooring, ceiling fans, vinyl siding and mudroom with attic access and laundry hookups. Unit 1 (#356-gray house) has 3 bedrooms, updated kitchen, updated bath with walk in shower, newer carpets, laundry hookups, ceiling fans, recessed lighting and vinyl siding. Shared well and septic. Stroll down to the 20' right of way that gives you direct access to the lake or you're just minutes to Babb's Beach which allows for swimming, pavilion for picnic lunches and is free to Suffield residents. A quiet and peaceful community this property is just across the street from a beautiful, level, open field which allows for playtime of all kinds. Conveniently located to restaurants, shopping, entertainment, hiking trails and beautiful sunsets! Minutes to MA and Bradley International Airport.
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William Raveis Real Estate
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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 | $312,000 | $312,000 | $312,000 |
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 | $333 | $333 | $333 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,076 | $2,074 | $2,631 |
Total Monthly Payment | $2,484 | $2,482 | $3,039 |
* 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.