Situated on 1. 82 acres within the Resort Commercial Zone, this property at 486 Route 2 in Preston offers a unique blend of residential charm and investment potential. The home features three bedrooms, including one conveniently located on the main floor, as well as a versatile loft area upstairs that can be used as a study or home office. Hardwood floors throughout add warmth and character to the space. The home is equipped with newer 30-year architectural shingles and is very efficient, providing both durability and energy savings. A new well was drilled in 2006, and a new septic system was installed in 2013, ensuring key systems are updated. The exterior includes aluminum siding, which can be painted to match your style, and a detached one-car garage with an attached gardening shed. Outdoor features include a massive fishing pond and a fully fenced backyard, perfect for pets or recreation. Public water is available in the street but is not currently connected to the property. This estate is being sold as-is, including its contents, and is best suited for a buyer utilizing a conventional loan. Walking distance to Foxwoods , Dunkin Donuts and the Hilton Hotel. Please contact your agent for a detailed property packet and additional information.
Type | Description | Dimensions | Level |
---|---|---|---|
Bedroom 1 | Vaulted Ceiling,Hardwood Floor | 10.0 x 15.0 | Upper |
Bedroom 2 | Vaulted Ceiling,Ceiling Fan,Hardwood Floor | 11.0 x 15.0 | Upper |
Dining Room | Ceiling Fan,Laminate Floor | 12.0 x 12.0 | Main |
Kitchen | Ceiling Fan,Country,Double-Sink,Tile Floor | 11.0 x 12.0 | Main |
Living Room | Book Shelves,Built-Ins | 12.0 x 19.0 | Main |
Primary Bedroom | Ceiling Fan,Hardwood Floor | 8.0 x 12.0 | Main |
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Our family of companies offer our clients a new level of full-service real estate. We shall:
To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
Our Insurance Division:
For homebuyers and sellers, our Attorney Network:
$250,000
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 | $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 | $193 | $193 | $193 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,347 | $1,329 | $1,687 |
Total Monthly Payment | $1,615 | $1,597 | $1,955 |
* 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.