This turnkey property screams pride of ownership. Purchased new in 2017, these owners went to work on making improvements. From the engineered hardwood floors installed throughout, to the oversized composite deck on the side, they've recently replaced the refrigerator and hot water heater as well. The open concept living area is perfect for entertaining and all three bedrooms sit toward the back of the unit. The primary bedroom has its own 3/4 bath with double sinks, while the other 2 bedrooms share a bathroom with the rest of the home. It may be winter, but you'll enjoy the central a/c during those warmer months. This flat level lot that is moderately landscaped has a shed with its own deck that has been converted into a little woodshop. Cocheco River Estates is a 55+ community and the development offers both a clubhouse and in ground pool for its members. Conveniently located on Rte 11, it's a mile from Rte 16 and about the same from the Ridge Shopping Center where you can purchase groceries, do a little shopping in the handful of stores and grab a bite to eat at one of several restaurants. Again, this property doesn't need a thing, all you need to do is pick out your paint colors.
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $200,000 | $200,000 | $200,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.125% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.443% | 7.133% | 6.256% |
Monthly Tax Payment | $325 | $325 | $325 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,347 | $1,329 | $1,687 |
Total Monthly Payment | $1,747 | $1,729 | $2,087 |
* 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.