Set on almost 5 acres, close to the New London Town Line and seconds from Rt 89 Exit 11, this 4 bedroom, 3 bath, 3400 sq ft home has plenty of space for the entire family. Originally built as a home, plus a recording studio, the detached barn is still set up for technical use, however, it could easily be converted to an apartment or garage. The main house boasts an oversized living room with spectacular cathedral ceilings and features large picture windows to let in the light. A stone hearth with wood stove complements the lovely deck overlooking your own wooded forest. The eat-in kitchen is pleasantly situated off the great room and there is a formal dining room adjacent. The primary bedroom is on the main floor and shares a bathroom with an office/nursery. Two generous bedrooms share a bath upstairs. The walk-out basement features a half bath and a 5th bedroom and has plenty of room for a home gym, office and storage galore. The property is a "diamond in the rough" and could use some TLC, however, with some sweat equity it will be extraordinary. Open House Saturday Sept 21, 10am - 12 pm
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $300,000 | $300,000 | $300,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.875% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.551% | 7.042% | 6.160% |
Monthly Tax Payment | $653 | $653 | $653 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,996 | $1,971 | $2,530 |
Total Monthly Payment | $2,724 | $2,699 | $3,258 |
* 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.