This renovation project in Deep River, CT, is an exciting opportunity for someone with a vision to transform this property into a dream home or a unique investment. Situated on a spacious 0. 89-acre parcel and boasting over 2, 300 square feet of living space, the home is nestled near the charming town center and just a stone's throw from the Connecticut River. The property's proximity to the river presents the potential for a peaceful, serene environment, perfect for creating a riverside retreat. With the town center close by, you're within walking distance of local shops, dining, and the rich historical ambiance that makes up the fabric of Deep River. The location combines the best of nature and convenience, providing both privacy and community. The home itself is a blank canvas, ready for your vision to unfold. Whether you're looking to update the existing structure or reimagine the layout completely, the square footage allows for various possibilities. You could modernize the interior, open up living spaces, or even create additional rooms to maximize functionality. The large lot opens up the potential for beautiful landscaping, a garden, or even an outdoor entertaining area. With some creativity and effort, this project has the potential to become a standout property that takes full advantage of its prime location near the river and town center.
Type | Dimensions | Level |
---|---|---|
Bedroom 1 | Main | |
Bedroom 2 | Upper | |
Bedroom 3 | Upper | |
Bedroom 4 | Upper | |
Primary Bedroom | Main | |
Sun Room | 14.0 x 9.0 | Main |
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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 | $167,200 | $167,200 | $167,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.477% | 7.159% | 6.498% |
Monthly Tax Payment | $317 | $317 | $317 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,112 | $1,111 | $1,434 |
Total Monthly Payment | $1,503 | $1,502 | $1,825 |
* 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.