Presented byVicky Welch - Vicky & Team |
Located within 1 mile of Hammonasset State Park Beach makes this an incredible and rare opportunity to purchase this large mixed use, single family residential or commercial use property in a rapidly growing and sought after Connecticut Shoreline Community. This property has many possibilities as an income producing property with great visibility ample level parking with great ingress and egress onto busy US Route 1 ( West Main Street ) It is in a B4 zone which may make it suitable for uses such as a Bed and Breakfast, antique shop, coffee shop, offices or other retail potential. There is a second floor apartment which also makes it suitable for an in-home business. Don't miss this opportunity to invest in this property in a highly desirable Connecticut Shoreline Community ! Please note that any business use of real estate must meet local zoning requirements and approvals. Note: also listing as a commercial property MLS Reference # 24011857
Type | Description | Level |
---|---|---|
Bedroom 1 | Wide Board Floor | Upper |
Bedroom 2 | Wide Board Floor | Upper |
Bedroom 3 | Wide Board Floor | Lower |
Dining Room | Wide Board Floor | Main |
Living Room | Wide Board Floor | Main |
Primary Bedroom | Wide Board Floor | Upper |
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William Raveis Mortgage, LLC
Phone: 203.415.2989
Brian.Skelly@raveis.com
NMLS Mortgage Loan Originator ID 793093
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $580,000 | $580,000 | $580,000 |
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 | $586 | $586 | $586 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,810 | $3,810 | $4,855 |
Total Monthly Payment | $4,488 | $4,488 | $5,533 |
* 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.