Welcome to 97 Turnpike Avenue. This charming two-bedroom, one-bath 1880 era farmhouse features a large eat-in kitchen, living room, dining room, first floor bedroom and bath with laundry in need of a new owner with vision to carry out restoration and renovation. Tucked behind the hedges this property presents a unique opportunity with approximately 3. 20 acres, the farmhouse with detached 1-car garage and an approximately 1248 sq. ft. antique barn with lofted storage area. Home is currently serviced by a cesspool, a 2-bedroom OWTS Design is in process with the Department of Environmental Management and will convey at the time of closing. This home and Barn are being sold as-is with the Buyer to conduct all due diligence regarding zoning and potential future uses, this home may not qualify for certain types of financing due to heating system and cesspool. Do not enter or walk the property without a confirmed appointment.
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$415,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 401.474.4879
Whitney.Rugg@raveis.com
NMLS Mortgage Loan Originator ID 7654
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $332,000 | $332,000 | $332,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.250% | 6.625% | 5.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.775% | 6.790% | 6.034% |
Monthly Tax Payment | $400 | $400 | $400 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,265 | $2,126 | $2,757 |
Total Monthly Payment | $2,740 | $2,601 | $3,232 |
* 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.