Nestled in the serene and sought-after area of Colchester, this charming home offers endless potential for those looking to build equity. Set on an expansive 2. 67-acre lot, this property provides ample space for outdoor activities, gardening, or future expansion. The home features two generously sized bedrooms, along with two full bathrooms, ensuring comfort and convenience. For those desiring single-level living, the versatile bonus room on the first floor can easily be transformed into a bedroom, home office, or hobby area—perfect for adapting to your unique needs. Step into the inviting living room, where soaring cathedral ceilings create an airy, spacious atmosphere, perfect for both relaxing and entertaining. One of the highlights of this home is the screened-in porch, an ideal spot for enjoying your morning coffee or unwinding after a long day while taking in the tranquil surroundings. Though the home needs some updating, it presents a fantastic opportunity for buyers with a vision to customize and modernize the space to their taste. This property combines the appeal of country living with convenient access to local amenities, schools, and the interstate. Whether you're a first-time buyer, downsizing, or looking for an investment property, this home is a rare find in today’s market. Don’t miss out on the chance to make this house your dream home! Open House 9/15 from Noon to 2 pm. CUFSH
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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 | $319,200 | $319,200 | $319,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.125% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.456% | 7.171% | 6.276% |
Monthly Tax Payment | $444 | $444 | $444 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,151 | $2,122 | $2,692 |
Total Monthly Payment | $2,670 | $2,641 | $3,211 |
* 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.