Well cared for early circa home with lots of character, located in the heart of Richmond. This cozy home offers a large first floor bedroom, full bath with laundry and open concept kitchen- living area with exposed original beams. The woodstove on the brick hearth easily heats the home. The second-floor loft is currently being used as an artist studio but can easily be a second bedroom. All kitchen appliances remain with the property including the stackable washer & dryer in the bath. This charming home sits on an open half acre +/- lot bounded by stone walls. There is a large detached 1 car garage/workshop with the possibility of conversion to a two-car garage and offering some loft storage. Attached on the rear of the garage is a large woodshed/workshop or potting shed. Just a short distance down the road is beautiful Cass Pond with a resident only town beach and boat launch. Home is currently heated with a wood stove and has no central heating system. Seller is open to negotiations for a new central heating system if required.
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $196,000 | $196,000 | $196,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.875% | 6.875% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.352% | 7.042% | 6.160% |
Monthly Tax Payment | $171 | $171 | $171 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,288 | $1,288 | $1,641 |
Total Monthly Payment | $1,534 | $1,534 | $1,887 |
* 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.