Presented byNancy Hainsworth - The Hainsworth Team |
Opportunity knocks! Nestled on corner lot, in a quiet community tucked away from Mansfield Grove Rd down Gurney St awaits your opportunity to build a year-round coastal retreat from this existing seasonal cottage! 19 Whitman Avenue enjoys eastern marsh views from the rear wood deck, bordering 1. 5 acres of Land Trust property behind, plus another 29 acres of Bradford Reserve Land Trust property to the west across Whitman Ave- a serene nature-lovers paradise. This 746 SF, 3 Bedroom, 1 bathroom bungalow with large rear wood deck has been taken down to the studs, offering a blank canvas for your renovation dreams. Connected to public water and public sewer. Pull-down attic stair. Vinyl siding exterior & wood storage shed. Build your dream in this peaceful cove, just 5 minutes to the Short Beach Post Office, 8 minutes to Tweed New Haven Airport, 11 minutes to Branford train station & 13 minutes to Yale and downtown New Haven! No driveway, room to add one you like. Townsend Court is unpaved road, looks like a driveway but is a road that loops around to Seneca Trail and back to Whitman. Peaceful, serene location, one owner home since 1933. Property is in an AE flood zone. Public water line serving property is above frost line on right side of house, but RWA said Whitman Ave to the front of house has water line at required 4. 5' depth to connect to for year-round use. Renovations exceeding $27, 350 (50% current structure value) will require house to be raised above the flood plain (reference FEMA 50% rule), according to East Haven Planning & Zoning. Buyers to perform their own due diligence regarding permissable building requirements and restrictions.
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William Raveis Real Estate
Phone: 203.623.9435
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William Raveis Mortgage, LLC
Phone: 203.415.2989
Brian.Skelly@raveis.com
NMLS Mortgage Loan Originator ID 793093
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $103,920 | $103,920 | $103,920 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.477% | 7.159% | 6.296% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $691 | $691 | $876 |
Total Monthly Payment | $766 | $766 | $951 |
* 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.