Sitting on top of a hill overlooking Whitney Avenue this beautiful Victorian was originally built as a summer estate & for the past 3 decades has served as a commercial space. It now offers a fantastic opportunity for you to elevate your business with a possible conversion into mixed-use or continue in its current commercial use. When you approach the property, you are greeted by an impressive stone exterior, a spacious & inviting covered front porch & a beautifully landscaped yard. Inside you'll find a gracious foyer where high ceilings & natural wood finishes create a warm & welcoming entry, 14 offices, 2 conference rooms, a custom library, 2 kitchenettes & 3 bathrooms. Character flows throughout w/hardwood floors, original stonework, decorative molding, built in bookshelves, working fireplaces & views overlooking the expansive park like yard. This distinguished building has been thoughtfully & meticulously maintained & updated to meet today's standards w/features like central air, many newer windows, siding, updated electrical, security system, an air purification system & even an irrigation system, yet all while maintaining the property's character & charm. High visibility in a prime location on Rt 10, close to Quinnipiac, easy access to I-91 & on the bus stop. Ample off-street parking - 15 spaces. There are 3 electric & 3 gas meters. With it's unique blend of original details & modern upgrades, this investment is packed w/possibilities & incredible potential! Owner open to a lease back option.
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William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
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William Raveis Mortgage, LLC
Phone: 203.980.8025
Frank.Kolb@raveis.com
NMLS Mortgage Loan Originator ID 81725
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $447,200 | $447,200 | $447,200 |
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% | 7.159% | 6.518% |
Monthly Tax Payment | $1,639 | $1,639 | $1,639 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,051 | $2,972 | $3,834 |
Total Monthly Payment | $4,782 | $4,703 | $5,565 |
* 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.