Nestled in a peaceful, wooded setting, this to-be-built modern ranch home blends sleek Scandinavian design with exceptional functionality. Perfect for a small family, weekend retreat, or downsizers! Located in Sherman, CT, known for its low taxes and charming small lake-town vibe. The single-story home features an efficient open floor plan with 3 bedrooms, 2 full bathrooms, and a dedicated office space. An unfinished 1, 336 SF basement offers future expansion potential. A standout feature is the expansive porch, stretching the length of the house and accessible from 2 bedrooms, providing the ideal spot to enjoy the surrounding nature. The property includes an adjacent parcel totaling 4. 07 acres: 20 Wagon Wheel (2. 04 acres) and 3 Wagon Wheel (2. 03 acres). Parcel #20 is an approved building lot, while #3 offers privacy and potential for cultivation or donation for tax benefits. Enjoy walks along the picturesque town-maintained road, accompanied by the melodies of birds and the gentle babbling of brooks that meander nearby as you wander along NW Land Conservancy holdings and the shimmering expanse of Candlewood Lake. This setting epitomizes tranquility and natural beauty. House is TO BE BUILT and fully customizable; siding, fixtures, finishes, paint colors, cabinets, appliances, tile & stone can all be personalized to reflect your aesthetic. Builder available to walk lot and discuss your vision. Just 1 hr 15 min from midtown NYC!
Type | Level |
---|---|
Bedroom 1 | Main |
Bedroom 2 | Main |
Living Room | Main |
Office | 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 | $591,000 | $591,000 | $591,000 |
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 | $95 | $95 | $95 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,982 | $3,928 | $4,984 |
Total Monthly Payment | $4,168 | $4,114 | $5,170 |
* 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.