Welcome to 8 Burdick Lane, a charming retreat nestled in Pawcatuck, CT. This delightful home is 816 square feet of cozy living space, perfect for those seeking comfort and simplicity. With two bedrooms and possible expansion to the attic area for a third, this residence is ideal for anyone looking to enjoy home ownership with a desire for classic period details. Step inside to discover a warm and welcoming atmosphere, and the home's charming features. Outside, the expansive 26, 136 square foot lot has room for privacy and entertaining. Whether you dream of creating a lush garden oasis or simply enjoying the partially wooded lot, this property provides the canvas for your outdoor aspirations. Out buildings in need of repair but potential for varied uses. Located in a serene neighborhood, 8 Burdick Lane close to all of Stonington, Mystic and Downtown Westerly. Short drive to CT shoreline and Westerly Beaches. Don't miss the opportunity to make this charming abode your own. Schedule a visit today! Probate Court approval required to close.
Type | Level |
---|---|
Bedroom 1 | Main |
Dining Room | Main |
Living Room | Main |
Primary Bedroom | Main |
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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 | $263,200 | $263,200 | $263,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 7.125% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.330% | 7.295% | 6.538% |
Monthly Tax Payment | $315 | $315 | $315 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,751 | $1,773 | $2,257 |
Total Monthly Payment | $2,140 | $2,162 | $2,646 |
* 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.