Presented byRose McWaid |
Knollwood Beach Association- A rare find at the beach: a year-round home with an additional lot allowing for expansion. You could design your dream home, with no FEMA restrictions, as it is outside of the flood zone. NO FLOOD INSURANCE IS REQUIRED. Knollwood beach is known as golf cart-friendly and a popular walking area along the waterfront. This home offers a peaceful and private sanctuary overlooking Beamon Creek and the salt marsh. The owners have made numerous recent improvements including an updated kitchen-including new appliances, refinished hardwood floors, solid wood doors, full interior painting, and new lighting. It even has an all-new 3-BR septic system. A wood-burning fireplace warms those cool evenings. The full walk-out basement with large closet gives ample storage space. The back yard and patio are your private sanctuary where you can enjoy breezy afternoons in the serene surroundings. The open carport provides a covered area to enjoy the views. It's short walk to the scenic waterfront and private beach. Or you could meet friends at the Association clubhouse where there is tennis/pickleball court, basketball, a playground, and beach parking. Fenwick golf course, Saybrook Pt, mini golf are close by. Its a short drive to the town center, with a variety of restaurants, shops, the Kate Cultural Arts Center and year-round town events. And the local train station is equal distance to NYC and Boston. This could be your next year-round home or coastal getaway.
Type | Description | Level |
---|---|---|
Bedroom 1 | Hardwood Floor | Main |
Full Bath | Main | |
Kitchen | Granite Counters,Hardwood Floor | Main |
Living Room | Fireplace,Hardwood Floor | Main |
Primary Bedroom | Hardwood Floor | Main |
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William Raveis Mortgage, LLC
Phone: 203.641.8287
Dave.Beckman@raveis.com
NMLS Mortgage Loan Originator ID 10930
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $520,000 | $520,000 | $520,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.250% | 6.490% | 5.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.681% | 6.678% | 6.034% |
Monthly Tax Payment | $534 | $534 | $534 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,547 | $3,283 | $4,318 |
Total Monthly Payment | $4,173 | $3,909 | $4,944 |
* 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.