Charm abounds in this unique investment or owner occupant opportunity in the sought-after town of Bethany. Beautifully situated on 1. 9 level acres, offering the ultimate bucolic setting; with views of horse and turkey barns, grazing horses, and the rich aroma of the woods, this 1850 farm house offers 4 rental units, plus additional spaces. There is a 3 bay barn with workshop area and generous hayloft. Attached to this is a 1485 sf space which previously housed the iconic Creative Childcare daycare center, but could be additional living/rental unit space. There is also a 5000 + sf barn/garage with limitless uses; stalls for horses, perfect for the car enthusiast, boats or large landscape/ trucking/equipment, etc. , storage, with a separate secured area with commercial tall overhead doors and a cement floor. The location offers a tranquil and peaceful setting that is indescribable. It is across from the famed Whitlock Book Barn (full of antique books, maps, prints offering hours of browsing enjoyment), and abuts the RWA Lake Chamberlain property. Enjoy permitted horseback riding, hiking, fishing, bird watching and wildlife sightings! Convenient to several shopping areas! Apartments charming and in good condition. In the main farmhouse all have mostly wood floors. Apartments can be combined with relative ease to restore the residence to a one family or to combine units. Apartments: 1 bedroom unit 697 sf - living room, dining room, kitchen, 1br, 2023 "Bathfitter" full bath. 1 bedroom unit 797 sf - living room, dining room, kitchen, 1br, full bath. Townhouse Unit 1205 sf - 2-3 bedrooms, living room with fireplace, dining room, kitchen. Unit is currently using the rear porch, but this space is normally rented as part of the studio. Studio apartment 1008 sf with living room with fireplace and murphy bed, newer kitchen, full bath, family room/dining room combination. The porch (see above) is normally rented as part of this unit's space. There is a hookup for an LP oven/range but tank has been removed. All units have private entries. Units have their own electric but share heat, hot water, septic and well. The mechanicals are newer: boiler furnace 2018, newer domestic hot water holding tank, well pump, water treatment system. The Day Care is a separate structure attached to the HAY BARN. Main house roof is 2017. Barn and 1/2 daycare roof 2013. PROPERTY TO CONVEY AS IS
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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 | $580,000 | $580,000 | $580,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.125% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.456% | 7.171% | 6.276% |
Monthly Tax Payment | $1,178 | $1,178 | $1,178 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,908 | $3,855 | $4,891 |
Total Monthly Payment | $5,178 | $5,125 | $6,161 |
* 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.