Presented byKarim Douich |
Cape-style home located in the highly sought-after University Area of Fairfield, CT, presents an exciting opportunity for investors, flippers, builders, or those looking for a property with great potential for customization. Situated on a double lot in a B Zone, this home offers ample space for expansion, whether you're planning an addition, renovations, or building from the ground up. Sold as-is, the potential here is endless. The property's oversized lot provides plenty of room to grow, offering flexibility for your vision. Whether you're looking to renovate the current structure or envision a brand-new build, this location offers proximity to local amenities, and quick access to major transportation routes. The University Area is a highly desirable neighborhood, making this property ideal for owner-occupants or for those seeking a strong investment opportunity.
Type | Level |
---|---|
Bedroom 1 | Main |
Dining Room | Main |
Living Room | Main |
Primary Bedroom | Main |
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$659,000
Sales Associate
William Raveis Real Estate
Phone: 203.260.1288
Karim.Douich@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 914.260.5535
Mace.Rattet@raveis.com
NMLS Mortgage Loan Originator ID 69957
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 914.260.2006
Francine.Silberman@raveis.com
NMLS Mortgage Loan Originator ID 69244
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $527,200 | $527,200 | $527,200 |
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 | $715 | $715 | $715 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,507 | $3,552 | $4,520 |
Total Monthly Payment | $4,314 | $4,359 | $5,327 |
* 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.