RE-HAB project offered As Is! Major water infiltration into the two original add-ons: the Family Room and the Sun Room. Being a c1984 2-Bedroom / 2-Bath Manufactured Burlington Home w/pitched roof and flatter-roofed additions: screened porch, 12x12 Sun Room and 20x12 Family Room. Home features an original wood burning fireplace in the Living/Dining Room and a Primary Bedroom w/private Bath & large Walk-in Closet. It sits on a somewhat private lot with a large wooded area behind. Co-op fee will be $345/month until Rehabilitation is completed (& approved by the Town) and the home is once-again Owner-Occupied through Re-sale or by the Re-hab Owner being approved for Cop-op Membership after the required Credit & Police checks & successful Interview. See the Re-Sale (for Re-hab) Agreement in the Documents attached at the D button under the primary MLS photo. NCV is a Co-op Park of where 57 Manufactured Homes share 88 Acres. The recent Water System upgrades include all new underground water lines and an additional drilled well, rated at 17 gal/min. Two similarly-aged NCV homes just (since mid-November) SOLD for $105K & $112K and a c1994 home (with detached garage) just sold for $197K! NOTE: The Last PHOTO shows THIS home in the Spring of 2008 . . . and what it COULD BE AGAIN!
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $40,000 | $40,000 | $40,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.375% | 7.125% | 6.125% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.474% | 7.282% | 6.412 |
Monthly Tax Payment | $42 | $42 | $42 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $276 | $269 | $340 |
Total Monthly Payment | $393 | $386 | $457 |
* 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.