Nestled in a peaceful cul-de-sac, this rare stand-alone condo provides the perfect blend of coastal charm and modern convenience in one of Old Saybrook's most desirable neighborhoods. Just steps from the library, downtown shops, restaurants, schools, and the water, you'll also enjoy the option to bike to the beach or stroll through the vibrant town center. Step inside to discover a bright and airy living space featuring vaulted ceilings and an open floor plan, designed for comfort and ease. The spacious living room is bathed in natural light, creating a welcoming ambiance for relaxing or entertaining. A private three season room invites you to unwind and take in the serene surroundings, with the gentle coastal breeze. If it's morning coffee or evening gatherings, this space is perfect for enjoying the best of New England living. Additional features include a one-car garage, a private driveway, natural gas heating, and city water. The condo association maintains the roof and exterior, ensuring low-maintenance living so you can focus on enjoying all that Old Saybrook has to reveal. Conveniently located near the Fenwick Golf Course, marinas, beaches, and cultural gems like The Kate theater, this property is ideal for year-round living or weekend getaways. Don't miss the opportunity to own this exceptional property in a sought-after location. Your coastal retreat awaits!
Type | Description | Dimensions | Level |
---|---|---|---|
Bedroom 1 | 10.0 x 15.0 | Upper | |
Dining Room | 11.0 x 13.0 | Main | |
Living Room | Fireplace | 15.0 x 18.5 | Main |
Primary Bedroom | 13.0 x 15.0 | 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 | $519,920 | $519,920 | $519,920 |
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 | $397 | $397 | $397 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,416 | $3,416 | $4,352 |
Total Monthly Payment | $3,905 | $3,905 | $4,841 |
* 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.