This is a rare opportunity to live by the water year round in the Saybrook Manor Cove Beach private beach community! The amazing location of Old Saybrook is situated between New York and Boston. You will be just a short walk from the private Cove Beach. Additionally, you are only minutes away from golfing, the train station, the Arts Center, the Cultural Center, and Downtown Main Street. This is a golf cart-friendly community that includes deeded beach rights to Cove Beach, making it perfect for year-round relaxation and recreation. The home features 4 bedrooms, 2. 5 baths, and a 1-car garage. The primary bedroom has its own full bath and a private entrance from the garage, which can lead to endless rental opportunities such as Airbnb or provide a separate living space for family members. Key updates include a new roof, solar panels, and boiler. If you enjoy boating, you are just a short walk from a boat dock where you can rent a slip or launch your kayaks. Don't miss this opportunity to make this your beach home with endless possibilities! Owner-related and being sold as-is.
Type | Description | Dimensions | Level |
---|---|---|---|
Bedroom 1 | Ceiling Fan | 12.0 x 10.0 | Upper |
Bedroom 2 | 12.0 x 10.0 | Upper | |
Bedroom 3 | Ceiling Fan | 13.0 x 11.0 | Upper |
Dining Room | Combination Liv/Din Rm | 11.0 x 14.0 | Main |
Kitchen | Island,Laundry Hookup | 11.0 x 12.0 | Main |
Living Room | Ceiling Fan,Combination Liv/Din Rm | 12.0 x 19.0 | Main |
Primary Bedroom | Bedroom Suite,Ceiling Fan,Full Bath | 15.0 x 21.0 | Upper |
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Dave.Beckman@raveis.com
NMLS Mortgage Loan Originator ID 10930
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $568,000 | $568,000 | $568,000 |
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 | $473 | $473 | $473 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,827 | $3,775 | $4,790 |
Total Monthly Payment | $4,392 | $4,340 | $5,355 |
* 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. The Total Monthly Payment does not include the estimated HOA/Common Charge payment.