Are you a first-time homebuyer or someone eager to enter the Norwich market without breaking the bank? This property is your perfect match! Set on over 39 beautiful acres, this 3-bedroom, 2. 5-bath home offers not only a welcoming place to call home but also an exciting opportunity to generate future income. The home itself features modern updates like shaker cabinets, granite countertops, and a cozy living room with a brick-faced fireplace. The primary suite includes an ensuite bathroom with a rare and stylish color combination, making it a unique and comfortable retreat. Delayed Showings Until January 11th 2025. But what truly makes this property stand out is its potential. With over 36 acres of excess land, you could explore subdividing the property to create additional lots, providing a chance to build or sell and make extra income. Whether you’re dreaming of an investment opportunity or simply want room to grow, this property has the flexibility to meet your needs. Located close to Dartmouth College and surrounded by outdoor adventures like VAST Trails and the Appalachian Trailhead, this home combines affordability, potential, and convenience in one package. Why settle for less when you can have a home that works for you and your future?
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$390,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 203.415.2989
Brian.Skelly@raveis.com
NMLS Mortgage Loan Originator ID 793093
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $312,000 | $312,000 | $312,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.330% | 7.171% | 6.538% |
Monthly Tax Payment | $598 | $598 | $598 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,076 | $2,074 | $2,675 |
Total Monthly Payment | $2,749 | $2,747 | $3,348 |
* 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.