Incredible opportunity for a builder or contractor looking to finish a stunning, one-of-a-kind Log style home with extensive garage space on a 4. 48-acre lot! With potential for up to 4000-5000 SF of living space, the possibilities are endless! This dream home offers soaring cathedral ceilings, a beautiful custom-built stone fireplace, floor to ceiling windows and 2 decks with covered patios underneath with gorgeous Easterly mountain views! This home has been framed, plumbed with well and 1, 500-gallon septic tank, partially sided; roofing, doors and windows have been installed, and three 200-amp panels and outlets have been installed. Still to be done: insulation, sheetrock, flooring, electrical wiring, heating/cooling and finishes. Logs are 12-18 inch reclaimed logs from Yellowstone National Park, pre-dried Douglas Fir Timber Logs with "Live Edge Siding" in Hemlock and Pine that does not expand or contract with weather/humidity changes. Exterior also made of Stained Pine and Hemlock. Auto enthusiasts will love the plentiful garage space with 4 tandem spaces in the attached garage with additional back entry and loft space, plus 2 under house spaces for a total of 10 covered parking spaces! Located convenient to Bradley International Airport and easy highway access. Financing must be cash, new construction loan, or 203k/rehab loan ONLY.
Type | Level |
---|---|
Bedroom 1 | Upper |
Bedroom 2 | Upper |
Bedroom 3 | Upper |
Dining Room | Main |
Family Room | Main |
Kitchen | Main |
Living Room | Main |
Primary Bedroom | Upper |
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William Raveis Real Estate
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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 | $559,920 | $559,920 | $559,920 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 7.250% | 6.375% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.330% | 7.386% | 6.623% |
Monthly Tax Payment | $746 | $746 | $746 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,725 | $3,820 | $4,839 |
Total Monthly Payment | $4,563 | $4,658 | $5,677 |
* 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.