Welcome to a truly unique opportunity in the desirable Knollwood Beach Association, nestled in the picturesque seaside town of Old Saybrook, this sprawling ranch features over 3000sf of finished living space on both the main& lower levels and sits on a rarely found 1/2-acre flat lot with 2-car gar, offering the perfect canvas for your vision and creativity. Whether you're seeking a year-round residence or a summertime retreat, this property presents an ideal setting to create your dream home. Featuring timeless mid-century modern architecture with some updates including a generator, this home invites you to transform its classic design into a contemporary masterpiece. With generous living space & an open layout, there's ample room to bring your personal style to life. Enjoy the convenience of single floor living paired with the charm of this sought-after coastal community. Possibility of upward expansion to take advantage of water views. Outside, the expansive lot provides endless possibilities-imagine gardens to outdoor entertainment areas or even an in-ground pool may be possible, all within a short distance of the association's private beach& amenities. Located just minutes from Old Saybrook's quaint shops, fine dining, & easy access to highways and rail, this property is a rare find. 2hrs to NYC or Boston. Embrace the chance to make lasting memories at the beach! Priced below recent appraisal of $1m. Don't miss your opportunity to be ready for the 2025 summer season!
Type | Description | Dimensions | Level |
---|---|---|---|
Bedroom 1 | Wall/Wall Carpet | 12.7 x 14.2 | Main |
Bedroom 2 | Wall/Wall Carpet | 11.5 x 12.4 | Main |
Den | Wall/Wall Carpet | 12.9 x 20.3 | Lower |
Dining Room | Sliders | 13.0 x 14.6 | Main |
Eat-In Kitchen | Palladian Window(s),Breakfast Nook,Sliders,Tile Floor | 13.0 x 14.7 | Main |
Family Room | Built-Ins,Cedar Closet,Ceiling Fan,Wet Bar,Fireplace | 28.3 x 23.2 | Lower |
Kitchen | Corian Counters,Island,Tile Floor | 16.2 x 10.7 | Main |
Living Room | Fireplace | 15.6 x 19.3 | Main |
Other | Double-Sink,Laundry Hookup | 12.1 x 14.7 | Lower |
Primary Bedroom | Fireplace,Full Bath | 19.2 x 18.3 | 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:
$950,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 203.641.8287
Dave.Beckman@raveis.com
NMLS Mortgage Loan Originator ID 10930
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $760,000 | $760,000 | $760,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.875% | 6.625% | 6.125% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.820% | 6.723% | 6.284% |
Monthly Tax Payment | $831 | $831 | $831 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,496 | $4,866 | $6,465 |
Total Monthly Payment | $5,419 | $5,789 | $7,388 |
* 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. The Total Monthly Payment does not include the estimated HOA/Common Charge payment.