Welcome to the historically significant 1853 Twin Chimney Colonial nestled in the heart of New London. This residence was once the prestigious Presidents House for Colby Sawyer College and has also served as a welcoming boarding house. Today, this property has been restored and divided into two fully renovated units, offering a total of ten bedrooms, five baths, and four levels of living space. Each unit boasts spacious and well-designed living spaces that is accented by hardwood flooring, crown moldings, and large windows that create warm natural light. The main living areas on the first level have fully applianced kitchens, large living rooms and dining areas. As you ascend to the upper levels, you'll find the generously sized bedrooms and well-appointed bathrooms. The abundance of space continues on the uppermost level, where you'll discover versatile bonus rooms that can be transformed to suit your specific needs. Whether you envision a home office, a cozy reading nook, or a playroom for the little ones, these flexible spaces offer endless possibilities. Situated directly across from the picturesque campus of Colby Sawyer College, you'll have the opportunity to immerse yourself in the vibrant college atmosphere and take advantage of the cultural events and educational resources available. Additionally, the thriving downtown of New London is just a short walk away, offering an array of local shops, art galleries, and delectable restaurants.
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $383,200 | $383,200 | $383,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.250% | 6.990% | 6.125% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.508% | 7.171% | 6.392% |
Monthly Tax Payment | $544 | $544 | $544 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,614 | $2,547 | $3,260 |
Total Monthly Payment | $3,233 | $3,166 | $3,879 |
* 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.