341 Montauk Avenue, New London, CT, 06320 | $449,000
Looking for a great space for extended family, in-law or in-home office? This is it. This home has lots of updates and lots of original charm. First floor has a great updated eat in kitchen, full bath, living room and bedroom with a ramp off the rear entrance and a wonderful front porch and extra room to enjoy. Second floor is spacious, 2 bedrooms, living room, sun room, full bath and eat-in kitchen. Private entry is off the sun room. PLUS a third floor of living space and views of the Thames River. You can watch the fireworks from there. This versatile floor plan has numerous possibilities. Natural gas, central air (on the first floor), 2 car detached garage, full basement, lots of parking. Short walk to the river, marinas, restaurants, short ride to Ocean Beach. Floor plans with room sizes are viewable. Subject to the release of current contract, Buyers were unable to secure financing. Seller made repairs for FHA financing inspection and appraisal were complete. Property is in a Single Family Residential District. Certificate of compliance for mixed-use in place, single family with accessory apartment is permitted by special permit. Buyers should do their diligence with city for permitted uses. The building was used as a medical office at one time. Buyers to do there diligence if they plan to use it as commercial. R-1A zone is Single family residential.
Features
- Current Use: Residential
- Permitted Use: Office, Mixed Use
- Utilities: Electric,Gas,Cable Available
- Heating: Hot Air
- Cooling: Central Air,Window Unit
- Units: 2
- Zoning: R-1A
- Frontage: Municipal Street
- Year Built: 1930
- Approx Sq. Feet: 2,784
- Acreage: 0.16
- Est. Taxes: $5,321
- Lot Desc: Corner Lot,Level Lot
- MLS#: 24040794
- Days on Market: 83 days
- Website: https://www.raveis.com
/prop/24040794/341montaukavenue_newlondon_ct?source=qrflyer
Listing courtesy of Coldwell Banker Realty
William Raveis Family of Services
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Customer Service
888.699.8876
Contact@raveis.com
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Frank KolbSenior Vice President - Coaching & Strategic, William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 81725
203.980.8025
Frank.Kolb@raveis.com
Our Executive Mortgage Banker:
- Is available to meet with you in our office, your home or office, evenings or weekends
- Offers you pre-approval in minutes!
- Provides a guaranteed closing date that meets your needs
- Has access to hundreds of loan programs, all at competitive rates
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Robert ReadeRegional SVP Insurance Sales, William Raveis Insurance
860.690.5052
Robert.Reade@raveis.com
Our Insurance Division:
- Will Provide a home insurance quote within 24 hours
- Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
- Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
Ray CashenPresident, William Raveis Attorney Network
203.925.4590
For homebuyers and sellers, our Attorney Network:
- Consult on purchase/sale and financing issues, reviews and prepares the sale agreement, fulfills lender
requirements, sets up escrows and title insurance, coordinates closing documents - Offers one-stop shopping; to satisfy closing, title, and insurance needs in a single consolidated experience
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341 Montauk Avenue, New London, CT, 06320
$449,000
Customer Service
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Frank Kolb
Senior Vice President - Coaching & Strategic
William Raveis Mortgage, LLC
Phone: 203.980.8025
Frank.Kolb@raveis.com
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 | $359,200 | $359,200 | $359,200 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 7.000% | 6.990% | 6.250% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 7.477% | 7.159% | 6.498% |
| Monthly Tax Payment | $443 | $443 | $443 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $2,390 | $2,387 | $3,080 |
| Total Monthly Payment | $2,908 | $2,905 | $3,598 |
* 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.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
CT Mortgage Correspondent Lender License 15524