Introducing the newest member of Lords Meadow Lane, a collection of new construction homes in Old Lyme. Located on a peaceful cul-de-sac, this newly constructed home offers an open-concept design that caters to both entertaining and busy family life. With 4 generously sized bedrooms and a finished upper level, this residence provides ample space for relaxation and privacy. As you enter the home, the open floor plan unfolds before you, seamlessly connecting the living, dining, and kitchen areas. The state-of-the-art kitchen, equipped with top-of-the-line appliances and a large center island, is a chef's dream and the heart of the home. The adjoining living space, with tons of natural light, invites you to unwind or host gatherings with ease. The primary suite on the main level, features a spa-like en-suite bathroom and a spacious walk-in closet. The additional bedrooms offer comfort and versatility, while the finished upper level presents endless possibilities as a bonus room - perfect for a home theater, gym, or playroom. Outside, the property boasts a serene backdrop for outdoor living and entertainment on the covered deck with gas grill and propane fireplace. The home's location in the charming town of Old Lyme provides a perfect blend of community and privacy, with easy access to local amenities and natural beauty.
Type | Description | Dimensions | Level |
---|---|---|---|
Bedroom 1 | Hardwood Floor | 10.1 x 10.7 | Main |
Bedroom 2 | Ceiling Fan,Jack & Jill Bath,Hardwood Floor | 12.1 x 12.9 | Main |
Bedroom 3 | Ceiling Fan,Jack & Jill Bath,Hardwood Floor | 10.1 x 14.1 | Main |
Dining Room | Hardwood Floor | 11.0 x 13.3 | Main |
Eat-In Kitchen | Breakfast Bar,Quartz Counters,Dining Area,Island,Pantry,Hardwood Floor | 27.0 x 26.0 | Main |
Family Room | Ceiling Fan,Hardwood Floor | 21.1 x 18.1 | Upper |
Great Room | Ceiling Fan,Hardwood Floor | 28.1 x 25.8 | Upper |
Living Room | Ceiling Fan,Gas Log Fireplace,French Doors,Hardwood Floor | 20.4 x 20.0 | Main |
Office | Half Bath,Hardwood Floor | 19.3 x 24.6 | Upper |
Primary BR Suite | Bedroom Suite,Ceiling Fan,Full Bath,Walk-In Closet,Hardwood Floor,Tile Floor | 14.7 x 17.1 | Main |
Study | Hardwood Floor | 17.0 x 23.0 | Upper |
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $1,160,000 | $1,160,000 | $1,160,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.375% | 6.125% | 5.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.769% | 6.270% | 5.864% |
Monthly Tax Payment | $837 | $837 | $837 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $6,496 | $7,048 | $9,555 |
Total Monthly Payment | $7,457 | $8,009 | $10,516 |
* 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.