Charming cape style Hill Section home on a desirable corner lot. This home has been well cared for but also offers a tremendous opportunity to transform this classic home into a modern Hill Section gem. A great canvas to begin with. The kitchen is located in an ideal spot to expand into an open floor concept by combining the adjacent dining room together with the kitchen which then opens to the large living room with vaulted ceiling, hardwood floors and wood stove. Above the living room is the home's existing loft space which would be ideal for expansion of a fourth primary bedroom and bath with a possible dormer for additional space. Down the hall you will find three spacious bedrooms and a full bath offering a ton of possibilities. The lower level of the home is currently unfinished but it too has lots of potential for additonal living space for those needing more. While currently a bit overgrown, the backyard abounds with possibilities. The prior pool footprint is prime for repurposing and it is encircled by a stone patio/pooldeck. The detached garage offers more opportunities as a prior owner used it as a workshop so there are utilities currently plumbed to the space. This home is located within walking distance to everything Burlington has to offer. So much potential for those looking to make their own unique mark in the Hill Section.
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William Raveis Mortgage, LLC
Phone: 203.415.2989
Brian.Skelly@raveis.com
NMLS Mortgage Loan Originator ID 793093
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $500,000 | $500,000 | $500,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.125% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.456% | 7.171% | 6.276% |
Monthly Tax Payment | $1,023 | $1,023 | $1,023 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,369 | $3,323 | $4,217 |
Total Monthly Payment | $4,484 | $4,438 | $5,332 |
* 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.