** ATTENTION ** Calling all investors, flippers, and homeowners who are looking for a great deal on a fixer upper. Before I tell you about the home, first let me tell you about it's location and potential. The property consists of 1. 84 acres which borders the Quinnipiac River thereby offering partial seasonal water views. The property is also located in the R-2 Zone which means that the home and/or the detached garage could be converted into a multi family dwelling; with city approval of course. The home itself has 2, 013sf of living area. The first floor features a large eat in kitchen with a pantry/laundry room, a large dining room, a large living room with pocket doors, and a large front foyer. The 2nd floor features 4 bedrooms and 1 full bathroom. The home also has a full walk up attic which is waiting to be finished into additional living area and/or an apartment. Other features include: a gas hot air heating system, a newer oil tank, hardwood floors throughout, a beautiful stained glass window, a walk out basement, a connection for city sewer which has been stubbed on to the property, and a large 2 car detached garage with electricity. The property is being sold to settle an Estate; therefore, it's being sold as-is where-is including remaining contents with exception of the snow blower and the lawn tractor. Cash, Hard Money, FHA, CHFA, VA, Conventional, and rehab loans are welcome.
Type | Level |
---|---|
Bedroom 1 | Upper |
Bedroom 2 | Upper |
Bedroom 3 | Upper |
Dining Room | Main |
Full Bath | Upper |
Kitchen | Main |
Living Room | Main |
Primary Bedroom | Main |
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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 | $160,000 | $160,000 | $160,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.250% | 6.990% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.582% | 7.171% | 6.518% |
Monthly Tax Payment | $530 | $530 | $530 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,091 | $1,063 | $1,372 |
Total Monthly Payment | $1,696 | $1,668 | $1,977 |
* 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.