Hammonasset Beach within minutes by walk/Bike/Drive!!! With access to Madisons serene private beach pass. This 2 bedroom 1 Bath Cottage has an open concept Livingroom and eat in Kitchen. Large deck with plenty of shade to stay cool on those hot summer days. Offering an opportunity to bring your creativity to make it unique to your family needs. Located in Dud's Village which will give access to town beaches as well. This is a cottage on leased land with an annual lease of $5000 for property management. This property requires a personal loan, Home equity, cash ect. do to the land lease and seasonal property. Leave the stress at home, relax, walk to beach, restaurants, ride bikes with so many bike paths available in Madison, visit the Madison Village and above all build those family memories! See you Soon!!!
Type | Level |
---|---|
Bedroom 1 | Main |
Eat-In Kitchen | Main |
Full Bath | Main |
Living Room | Main |
Primary Bedroom | Main |
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William Raveis Real Estate
Phone: 888.699.8876
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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 | $71,920 | $71,920 | $71,920 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.125% | 6.125% | 4.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.483% | 6.273% | 5.268% |
Monthly Tax Payment | $174 | $174 | $174 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $437 | $437 | $568 |
Total Monthly Payment | $686 | $686 | $817 |
* 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.