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Presented by![]() The Jay and Carol Kelly Team |
This extraordinary condominium is on the middle and upper floors of its historic building which is divided into three condominiums. Large eat-in kitchen and living room are filled with light. New stainless kitchen appliances and new subway tile and flooring in bathroom. Impressive brick colonial-era fireplace has been preserved and adds tremendous charm to the home as do the exposed beams throughout. Stairs from living room lead to bedroom and full bath as well as several large closets. Rear door opens to stairs leading to rear lawns, off-street parking lot, basement storage and coin-up laundry shared with the two other units in the building. Pets allowed with some restrictions. The location is extremely convenient. Walking distance to Backus Hospital, quick drive to I-395 and Casinos. This well-landscaped property is steps away from the Yantic Falls Historic District and Indian Leap Falls. The well-run condo association is FHA certified and has significant reserves. Public records show 1986 which is when these historic row houses were completely re-done, restored and converted to condos. New heat pump/central air system was recently installed. Long-term rentals are allowed, but short-term AirBnB-type rentals are not. Enjoy the charm and street appeal of history and the modern convenience of newer construction when you make this your next home or investment.
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William Raveis Real Estate
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William Raveis Mortgage, LLC
Phone: 860.625.5780
Brianna.Turgeon@raveis.com
NMLS Mortgage Loan Originator ID 2104486
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
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Loan Amount | $111,200 | $111,200 | $111,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.500% | 6.875% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.984% | 7.050% | 6.152% |
Monthly Tax Payment | $152 | $152 | $152 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $703 | $731 | $931 |
Total Monthly Payment | $930 | $958 | $1,158 |
* 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.