New Construction! The Cottage is situated on an interior lot, conveniently located three blocks from the Historic Guilford Green and its amenities. This charming cottage features sidewalks that lead directly to the town center. Spanning 1, 870 square feet, the cottage boasts an open floor plan, three bedrooms, two full bathrooms, and a first-floor primary bedroom and full bath complete with a tiled shower and frameless glass walk-in shower. The kitchen features a center island with seating, granite countertops, under-cabinet lighting, and stainless steel appliances. Throughout the house, hardwood floors are installed, with the exception of the two second-floor bedrooms, complemented by an alcove space suitable for an office. The two-car detached garage provides ample storage space, and the 624 square feet second-floor loft can be converted to an office, artist studio, or an accessory apartment. All utilities for the conversion are in place, including water, septic (1250 gallon tank), and electricity, and require only a connection. The cottage is equipped with underground utilities and city water! The 1, 870 square foot cottage has been meticulously designed and constructed to adhere to the US Department of Energy's (DOE) "Net Zero Energy Ready" program standards. These standards mandate that homes have high thermal insulation values within an airtight envelope with high-efficiency lighting, appliances, and mechanical systems, including fresh air ventilati The home is oriented on the site to take advantage of the large year yard and tranquil setting with an abundance of windows situated toward the views. Conceived as an eco-friendly home, site design includes night sky friendly lighting and a gravel drive. The level yard has plenty of room for a built in pool.
Type | Description | Dimensions | Level |
---|---|---|---|
Bedroom 1 | Walk-In Closet | 11.0 x 12.0 | Upper |
Bedroom 2 | Vaulted Ceiling | 9.0 x 13.0 | Upper |
Kitchen | Granite Counters,Island,Hardwood Floor | 9.0 x 14.0 | Main |
Office | Vaulted Ceiling,Hardwood Floor | 7.0 x 16.0 | Upper |
Primary Bedroom | 14.0 x 13.0 | Main |
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William Raveis Real Estate
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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 | $620,000 | $620,000 | $620,000 |
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 | $0 | $0 | $0 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,125 | $4,121 | $5,316 |
Total Monthly Payment | $4,217 | $4,213 | $5,408 |
* 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.