Welcome to 1156 Exeter Road! Exciting opportunity to own this historic Colonial with nearly 2, 700 square feet, three bedrooms & two full & two half baths. The property includes an outbuilding with three garage bays & a two-bedroom, one-bath apartment that would also make a wonderful space for a studio, hobbies or home office. The main house features an open & flexible floor plan, expansive great room with pellet stove & stone fireplace, wood floors, beamed ceilings & three staircases leading to the 2nd floor. The 2. 6-acre lot has several outbuildings, stone walls, a patio, an outdoor stone fireplace & offers plenty of room for gardening or farming. Situated just 2. 8 miles from the town center, a quaint New England village with the historic green listed on the National Register of Historic Places. Enjoy the proximity to local amenities including the library, parks, museums & schools. The urban centers of Willimantic, Colchester & Norwich are nearby, while downtown Hartford & New London are just a 30-minute drive away, offering a peaceful retreat to Lebanon at the end of the day. Lebanon is a unique community that embraces its colonial-era & agricultural heritage, characterized by extensive agricultural lands, rolling wooded hills, and low-density residential development. With over 150 active farms & 10, 000 acres of farmland, Lebanon is Connecticut's capital for dairy, poultry, equine & nursery industries. Bring your vision & transform this historic gem into your forever home!
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William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
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 | $307,920 | $307,920 | $307,920 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.750% | 6.625% | 5.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.300% | 6.778% | 6.034% |
Monthly Tax Payment | $679 | $679 | $679 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,997 | $1,972 | $2,557 |
Total Monthly Payment | $2,751 | $2,726 | $3,311 |
* 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.