You don't find picturesque settings like this very often. In the same family since 1912 this early 1800+- hundred center chimney colonial is waiting for its next owner to restore it to its former Glory. The setting is beautiful with control of both sides of the road. The entire parcel is bounded by stonewalls and surveyed. The home faces due south offering fantastic sun exposure and potential views to distant hills with some cutting. The 6 +- acre lot directly across from the house is mostly open field offering many possibilities for a horse farm, farm animals, agriculture etc. The interior rooms are spacious, most with a fireplace including a beehive oven in the 1st floor former gathering room. There are also wide and narrow wood floors, wainscoting and other early circa home features. Old pasture surrounds the home and there is a newer 28x14 barn/garage behind the home. The ridgeline of the home is straight, and the fieldstone foundation appears solid however considerable renovation is needed including structural in the basement. Kitchen, baths, windows, well etc. will all need replacement. There is a new hot air furnace and oil tank. Crystal clear Laural lake is just down the road and offers good trout fishing. If you desire an older home in a peaceful setting and are ready to tackle the renovations, then this home is a must view! Acreage per deed. Road frontage per assessor. ( video cameras in use)
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $288,000 | $288,000 | $288,000 |
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 | 7.477% | 7.159% | 6.296% |
Monthly Tax Payment | $509 | $509 | $509 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,916 | $1,914 | $2,429 |
Total Monthly Payment | $2,500 | $2,498 | $3,013 |
* 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.