Nestled on a quiet street, this cozy cottage at 6 Paula Road has the perfect opportunity to create your dream retreat. With 1152 of living space, this home features 2 bedrooms and 1 bathroom and sits on a level . 29 acres. While the cottage is in need of some TLC, its character and charm shine through, offering endless possibilities for customization. Outside, the property provides ample space for a garden, patio, or outdoor entertaining area. Whether you're looking for a weekend getaway or a full-time residence, this property is a blank canvas for your vision. Located in the picturesque town of East Haddam, you'll enjoy the serenity of a quiet neighborhood while being close to all the area, including Bashan Lake, Gillette Castle State Park, and The Goodspeed Opera House. Don't miss this rare opportunity to transform this charming cottage into the perfect home or investment property. Schedule your appointment today and discover the potential of 6 Paula Road! Let me know if you'd like to adjust or add specific details! Please note: this is a seasonal property
Type | Level |
---|---|
Bedroom 1 | Upper |
Dining Room | Main |
Living Room | Main |
Primary Bedroom | Main |
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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 | $127,920 | $127,920 | $127,920 |
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 | $278 | $278 | $278 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $862 | $850 | $1,079 |
Total Monthly Payment | $1,215 | $1,203 | $1,432 |
* 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.