The Caleb Eldridge House is an icon in South Chathan's Historic District. This Greek Revival style home circa 1834 was owned by Hiram Eldridge, who operated the general store across the street. Originally a single family home; it was redesigned a legal 2 family that now includes a 3 bedroom home with a separate 1 bedroom apartment w/private entrance on the first floor. However, it can very easily be converted back into one home by removing 2 doors. It also has a passing 6 BR septic system. There are many charming attributes throughout; this home must be personally seen to be fully appreciated. The setting is a level . 33 acre lot that provides a great back yard and includes a large outbuilding. Amenities include natural gas heat, newer roof (2014), nearly all newer windows, outside shower, back deck w/yard, large driveway and ample parking. Freshly painted and ready for immediate occupancy. Nantucket Sound beaches are a mile away, and town just a couple of miles. Zoning is for residential/small business, offering many possibilities. Great rental investment potential, too. Don't miss out! Seller is willing to provide buyer with closing concessions.
Type | Level |
---|---|
Bedroom 2 | Second |
Bedroom 3 | Second |
Bedroom 4 | First |
Dining Room | First |
Kitchen | First |
Living Room | First |
Master Bedroom | Second |
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William Raveis Mortgage, LLC
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Frank.Merola@raveis.com
NMLS Mortgage Loan Originator ID 1020051
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $716,000 | $716,000 | $716,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.750% | 6.625% | 6.125% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.004% | 6.738% | 6.307% |
Monthly Tax Payment | $222 | $222 | $222 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,178 | $4,585 | $6,090 |
Total Monthly Payment | $4,492 | $4,899 | $6,404 |
* 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.