Presented byLinda Edelwich - Linda Edelwich Team |
Completely incredible opportunity to own a single-family residence with an "at home business" attached. This location is highly desirable located near the fire department in an idyllic section of Main Street. This beautiful antique home has been loving maintained over the years and offers more than 2081sft with 4 bedrooms. Beautiful open floor plan, high ceilings, and a newer Boudouris boiler. Unique offering with this particular home is the woodworking shop attached to the back of the house that offers over m1728sf of office/workspace. It was formally used by the owner when first purchased as a daycare center and has been used as a popular woodworking shop most recently. The owner offers woodworking classes, etc. The woodworking shop has office area, storage areas, large open workroom, three phase electricity, Air filter system, and a full bathroom. It has three access points. This home represents a really awesome opportunity to not only live on beautiful Main Street, Durham, but to also operate your own business directly at home. The property also has a detached two car garage one side is currently used for storage. Much of the property is fenced in however, there's a section in the back that's not fenced in which during the Durham fair has provided the owner with some extra income for parking since they are so close to the fair. The house exterior is aluminum. The workshop exterior is cinder block, wood and vinyl
Type | Description | Level |
---|---|---|
Bedroom 1 | Upper | |
Bedroom 2 | Upper | |
Bedroom 3 | Upper | |
Den | Hardwood Floor | Main |
Dining Room | Main | |
Eat-In Kitchen | Main | |
Full Bath | Upper | |
Living Room | Main | |
Other | Main | |
Primary Bedroom | Upper |
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NMLS Mortgage Loan Originator ID 49042
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $479,920 | $479,920 | $479,920 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.250% | 6.990% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.582% | 7.171% | 6.518% |
Monthly Tax Payment | $688 | $688 | $688 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,274 | $3,190 | $4,115 |
Total Monthly Payment | $4,054 | $3,970 | $4,895 |
* 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.