Introducing 3 Laurel Lane, a 3-bdrm "Country House" , AND one of a select number of homes designed with a basement, affording you additional sq ft of space; a third level of living for expanding your options. The move-in ready interior of white-washed walls invites your decorating imprint. The living room with attention-getting fireplace has sliders to a wrap-around deck, one of two, located front and back. Light flows uninterrupted from a dedicated dining room with attractive pegged wood floor, to the kitchen with newer SS appliances and the prep area cleverly disguised by a half wall. Both kitchen and dining room open to an east-facing balcony deck to welcome the day. The 1st flr bdrm is being used as an office. A full bath & handy pantry complete the main level. Upstairs the spacious primary bdrm has a walk-in closet with built-ins. There is an addtl storage closet in the hall, a full bath & a 3rd bedrm w/double closets. The lower level with secure direct access to the garage, includes the Laundry, a workshop & the convertible extra space. The property has the convenience of three popular public utilities: natural gas, public water & public sewer. Pond Place is a Planned Unit Development (PUD) community of 210 free-standing, single-family homes of seemingly timeless design, with a 7 acre pond, walking trails, meandering streets & small cul-de-sacs all within walking distance of shops and in a Farmington Valley town of award-winning schools The HOA of $485 is paid just once a year and includes trash collection. Pond place has a district tax paid twice annually at $824. 12 each time, Jan and July, and which is tax deductible, and a land lease charge of $50/mo or $519. 11 once yearly. The current balance on the land lease is $2507. 59. They are near the end of a 50-yr land lease that began in 1978. When its associated lease is either prepaid or fully paid, ownership of 1/210th of all the land in Pond Place will be legally associated with that dwelling.
Type | Description | Level |
---|---|---|
Bedroom 1 | Main | |
Bedroom 2 | Upper | |
Dining Room | Balcony/Deck,Sliders,Hardwood Floor | Main |
Living Room | Fireplace,Sliders | Main |
Primary Bedroom | Walk-In Closet | Upper |
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Russell.Baboff@raveis.com
NMLS Mortgage Loan Originator ID 1014636
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $287,920 | $287,920 | $287,920 |
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 | $491 | $491 | $491 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,916 | $1,914 | $2,469 |
Total Monthly Payment | $2,482 | $2,480 | $3,035 |
* 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.