OUTSTANDING OPPORTUNITY. ! This is the Former Dr. Faxon Residence and Carriage House (circa 1895) plus a single-family dwelling (formerly Dr. Woodwards Office, built by the one and only Almon Fredericks, circa 1960) Formerly owned by the late/great Attorney George S. Sarados. The property consists of 3 separate, adjacent parcels described below as: UNIT 1 - A 5 room, 2 bedroom, 1 bath, Cape Style home with full basement; (GLA 1037 sf. LOT 5010 sf. RE TAX $5026. 40). UNIT 2 - A 31+/- room, 14+/- bedroom, 9 bathroom Multifamily (8 Apts. ) with full basement;(GLA 4930 sf. LOT 15, 173 sf. RE TAX $13164. 20). UNIT 3 - A 2 story barn with full basement (2400 sf. LOT 4465 sf. RE TAX $2725. 92). All parcels are well located in a Potential Mixed Use Business District (previously CBD & GB now Transitional) opposite FAXON VETERANS MEMORIAL PARK. The possibility exists to sell properties separately. Most tenants are TAW. A RARE FIND. PRE-QUALIFIED BUYERS WITH PROOF OF FUNDS REQUIRED PRIOR TO VIEWINGS
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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 Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $2,000,000 | $2,000,000 | $2,000,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.625% | 6.500% | 6.000% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.955% | 6.612% | 6.182% |
Monthly Tax Payment | $1,743 | $1,743 | $1,743 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $11,513 | $12,641 | $16,877 |
Total Monthly Payment | $13,381 | $14,509 | $18,745 |
* 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.