INVESTORS TAKE NOTICE! This property is full of possibilities including subdivision potential and no zoning to inhibit your plans. Ample road frontage on both Old Mail Road and Route 113A for other potential building sites. A new 5-bedroom septic was installed in 2020 for the existing home. What a fantastic opportunity you have to restore this historic post & beam back to glory in quaint, picturesque Tamworth. With 200 years of stories to tell, this home isn’t ready to give up yet! Being able to enjoy the tranquil setting and all this area has to offer will be worth the time and effort it will take to finish this project! Tamworth boasts two libraries, museums, bakeries, restaurants, the Barnstormers Theatre, Club Motorsports, Tamworth Distilling, lakes, rivers and hiking trails as well as one of the best year-round farmers’ markets in the state. Residents are never lacking for things to do. Appointment required! Please do not enter the property without the agent present. Being sold “As-Is”, buyers to perform due diligence - measurements are approximate. Proof of funding required - will likely need to be a cash sale or possibly a conventional rehab loan. Listing agent has a non-owner financial interest in the property.
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $316,000 | $316,000 | $316,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.125% | 6.875% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.616% | 7.055% | 6.256% |
Monthly Tax Payment | $289 | $289 | $289 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,129 | $2,076 | $2,665 |
Total Monthly Payment | $2,493 | $2,440 | $3,029 |
* 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.