DRASTIC REDUCTION on this rare find! This c. 1782 center chimney Colonial located on the Green in the heart of the Milton Center Historic District. Built as a single family dwelling in an era when Milton was bustling, it served the Hartford-Poughkeepsie stagecoach line as the Guild Tavern from 1833-1877. It has been a single-family residence ever since. There are 3 working fireplaces on the main level and one discontinued fireplace in the primary bedroom on the upper level. Wood floors and chestnut beams have not been painted or mistreated. Ceilings are high on both main and upper floors (8+ feet). An A2 survey of the 1. 255 acre lot indicates over 400' frontage on Shear Shop Road. Also, over 400' of the very scenic Marshepaug River runs through the property. Automatic generator. Property is being sold "As-Is. " Room sizes are approximate. The 2-story barn with 2-car garage is compromised and will need extensive repairs or replacement. It is left in place for the grandfathered footprint to aid a future owner and the town regarding permits for a rebuild or replacement. When viewing this property in person, please do not enter the barn/garage. ** This property may qualify for a CT State Historic Homes Rehabilitation Tax Credit up to $30, 000. ** (NB A pink tape on a Shear Shop bush indicates the approximate boundary line. )
Type | Description | Dimensions | Level |
---|---|---|---|
Bedroom 1 | Hardwood Floor | 14.0 x 14.0 | Upper |
Bedroom 2 | Hardwood Floor | 11.0 x 13.0 | Upper |
Bedroom 3 | Hardwood Floor | Upper | |
Den | Book Shelves,Fireplace,Hardwood Floor | 12.0 x 15.0 | Main |
Dining Room | Fireplace,Hardwood Floor | 14.0 x 15.0 | Main |
Eat-In Kitchen | 9 ft+ Ceilings,Beams | 12.0 x 13.0 | Main |
Living Room | Built-Ins,Fireplace,Hardwood Floor | 14.0 x 24.0 | Main |
Other | Wood Stove,French Doors,Tile Floor | Main | |
Primary Bedroom | Hardwood Floor | 14.0 x 16.0 | Upper |
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $420,000 | $420,000 | $420,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.477% | 7.159% | 6.498% |
Monthly Tax Payment | $475 | $475 | $475 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $2,794 | $2,791 | $3,601 |
Total Monthly Payment | $3,361 | $3,358 | $4,168 |
* 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.