If one level living with room for expansion in a highly rated elementary school district is what you are looking for, then look no further. This home is located in South Meriden as well as the highly sought after Hanover Elementary School district which has a 6 out of 10 student progress rating per Great Schools. The home was built in 1985, and it features an eat in kitchen, a living room with a pellet stove, 2 bedrooms, 1 full bath, a full basement with the potential to add another bedroom or a home office (a window is already there), a walk out basement, a wood deck that overlooks the back yard, a mostly flat yard, and 4 garages (3 detached and 1 built in). The detached garage also has an unfinished 2nd story and a chimney; therefore, if you wanted to finish the 2nd story or heat the garage, it's going to be easy to do so. Upgrades include: All new appliances in 2024, wall to wall carpeting throughout, a newer boiler, an irrigation system, a newer Roth oil tank (Roth is the Cadillac of oil tanks), and a split Heat/Air conditioning system. So, you have the choice of heating the home with either oil, the split heating system which runs on electric, or with pellets. Homes like this one in this type of neighborhood and in this price range don't come along very often; therefore, we would encourage you to act quickly. FHA, CHFA, VA, Conventional, Cash, and Rehab financing are all welcome!
Type | Level |
---|---|
Bedroom 1 | Main |
Full Bath | Main |
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 | $220,000 | $220,000 | $220,000 |
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 | 7.551% | 7.159% | 6.276% |
Monthly Tax Payment | $509 | $509 | $509 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,464 | $1,462 | $1,855 |
Total Monthly Payment | $2,048 | $2,046 | $2,439 |
* 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.