Extraordinary private setting in sought after Farview Farms neighborhood on 2. 40 picturesque acres with stone pillars, gated entry, pool house, heated gunite pool and spa, sport courts, and unlimited potential to restore this home to its former glory. The main home has been gutted to the studs after an unfortunate fire. The silver lining is that no one was hurt, and this is a very unique opportunity to purchase one of the prettiest lots in Redding, in one of the best neighborhoods, with extensive improvements that were untouched by the fire, including Belgian block lined circular drive; free-standing covered porch w/outdoor fireplace; inground trampoline, basketball & volleyball courts; exceptional pool house w/covered patio, kitchen w/custom cabinetry & S/S appliances incl. dishwasher & wine chiller, plus full bath; gorgeous gunite pool w/spa & expansive stone patio; plus the most spectacular landscape & hardscape including stone terraces, walkways, custom bridge, lush mature trees, privacy screening, & flowering gardens. The house fire was contained to the garage & adjoining areas, but there was significant additional damage due to the water used by the fire fighters. The restoration company has been cleaning all of the debris, and much appears salvageable including the well, septic, fully custom wood paneled sun room, and the framework for this house that formerly offered over 7, 000 sf on 3 floors with 5 BRs, 4 full/3 half baths, walk-up attic, walk-out LL, & 3 car garage.
Type | Description | Dimensions | Level |
---|---|---|---|
Bedroom 1 | Full Bath,Walk-In Closet | 15.0 x 18.0 | Upper |
Bedroom 2 | 13.0 x 14.0 | Upper | |
Bedroom 3 | 13.0 x 14.5 | Upper | |
Bedroom 4 | 13.0 x 14.5 | Upper | |
Dining Room | 14.5 x 17.0 | Main | |
Eat-In Kitchen | Main | ||
Family Room | Fireplace | 19.5 x 24.0 | Main |
Great Room | Fireplace | 25.0 x 34.0 | Main |
Other | 21.5 x 26.0 | Lower | |
Other | 16.5 x 22.5 | Lower | |
Other | 14.0 x 15.0 | Lower | |
Other | 11.5 x 28.0 | Lower | |
Primary BR Suite | Balcony/Deck,Full Bath,Walk-In Closet | 24.0 x 25.5 | Upper |
Sun Room | French Doors,Stone Floor | 11.5 x 22.5 | Main |
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Phone: 203.980.8025
Frank.Kolb@raveis.com
NMLS Mortgage Loan Originator ID 81725
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $796,000 | $796,000 | $796,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.500% | 6.375% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.821% | 6.474% | 6.036% |
Monthly Tax Payment | $3,395 | $3,395 | $3,395 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,520 | $4,966 | $6,663 |
Total Monthly Payment | $8,007 | $8,453 | $10,150 |
* 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.