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Presented by
The Goodrich Team |
323 Main Street, Old Saybrook, CT, 06475 | $1,100,000
A fabulous opportunity to own a thriving bed & breakfast in the historic district of Old Saybrook Connecticut. This beauty has 4 incomes - 3 lodging and 1 retail currently used as a successful restaurant. Walk to restaurants, places of worship, shopping in downtown with its' boutique shops. If you are a fan of Katherine Hepburn the Katherine Hepburn Performing Art Center is within walking distance. Bike to the town beaches from the B&B. Enjoy all that this pretty Connecticut shoreline town has to offer to include Fenwick Golf Course, 2 lovely public beaches and pickle ball courts. Old Saybrook is a quintessential New England town that is a highly sought destination for visitors from all over the world. Located at the mouth of the Connecticut River, the town beaches are on the beautiful Long Island Sound allowing for wildlife watching , sailing , fishing and swimming. An easy and no fuss destination for travelers coming from NYC and Boston by train. Visitors explore the Connecticut shore line rich in history and culture with Mystic Seaport 30 minutes away. This B&B is notably called the James Pharmacy Bed & Breakfast for the historic significance of the first African American female pharmacist to own and operate a pharmacy in Connecticut. Prior to it being a pharmacy , the building dates back to 1790 when it was first built and was used a general store. For more details of this B&B and its' interesting history checkout the website- jamespharmacybnb. co. Be the next owner of this modern and stylish bed & breakfast yet the owners appreciate the history and left the architectural details intact. This is a treasure of a building and a great opportunity to fulfill your dream of being a Bed and Breakfast owner in such a highly desirable location in New England. Conveniently located near i-95 and a 30 minute drive to Tweed New Haven Airport. Come by train - Boston and New York City or come by the ferry boat from Long Island Sound. Your B&B guest will love the adventures of exploring this wonderful destination o historic Old Saybrook CT and all that the Connecticut Shoreline has to offer.
Features
- Utilities: Electric,Cable
- Garage: Paved,Off Street Parking
- Parking: 10-car
- Heating: Hot Air,Hot Water
- Cooling: Central Air,Zoned
- Units: 5
- Zoning: A
- Frontage: Municipal Street,Paved Road
- Year Built: 1790
- Approx Sq. Feet: 2,616
- Acreage: 0.25
- Est. Taxes: $5,236
- Lot Desc: Level Lot
- MLS#: 24052281
- Days on Market: 7 days
- Website: https://www.raveis.com
/raveis/24052281/323mainstreet_oldsaybrook_ct?source=qrflyer
William Raveis Family of Services
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
The Goodrich TeamLuxury Properties Specialist
860.518.3066
Meg.Goodrich@raveis.com
Our family of companies offer our clients a new level of full-service real estate. We shall:
- Market your home to realize a quick sale at the best possible price
- Place up to 20+ photos of your home on our website, raveis.com, which receives over 1 billion hits per year
- Provide frequent communication and tracking reports showing the Internet views your home received on raveis.com
- Showcase your home on raveis.com with a larger and more prominent format
- Give you the full resources and strength of William Raveis Real Estate, Mortgage & Insurance and our cutting-edge technology
To learn more about our credentials, visit raveis.com today.
Paul AddamoVP, Mortgage Banker, William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 93047
860.990.2486
paul.addamo@raveis.com
Our Executive Mortgage Banker:
- Is available to meet with you in our office, your home or office, evenings or weekends
- Offers you pre-approval in minutes!
- Provides a guaranteed closing date that meets your needs
- Has access to hundreds of loan programs, all at competitive rates
- Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction
Heidi SummaRegional SVP Insurance Sales, William Raveis Insurance
860.919.8074
Heidi.Summa@raveis.com
Our Insurance Division:
- Will Provide a home insurance quote within 24 hours
- Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
- Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
Ray CashenPresident, William Raveis Attorney Network
203.925.4590
For homebuyers and sellers, our Attorney Network:
- Consult on purchase/sale and financing issues, reviews and prepares the sale agreement, fulfills lender
requirements, sets up escrows and title insurance, coordinates closing documents - Offers one-stop shopping; to satisfy closing, title, and insurance needs in a single consolidated experience
- Offers access to experienced closing attorneys at competitive rates
- Streamlines the process as a direct result of the established synergies among the William Raveis Family of Companies
323 Main Street, Old Saybrook, CT, 06475
$1,100,000
The Goodrich Team
Luxury Properties Specialist
William Raveis Real Estate
Phone: 860.518.3066
Meg.Goodrich@raveis.com
Paul Addamo
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 860.990.2486
paul.addamo@raveis.com
NMLS Mortgage Loan Originator ID 93047
|
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
|---|---|---|---|
| Loan Amount | $880,000 | $880,000 | $880,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.250% | 6.000% | 5.625% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.797% | 6.108% | 5.805% |
| Monthly Tax Payment | $436 | $436 | $436 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $4,859 | $5,276 | $7,249 |
| Total Monthly Payment | $5,420 | $5,837 | $7,810 |
* 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.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
CT Mortgage Correspondent Lender License 15524