Presented byChris Cameron |
Madison - Coastal living at the Connecticut shoreline lives large here at 20 First Street Madison. This sweet one bedroom cottage features vaulted ceilings, recessed lighting, beautiful newer thermal pane windows, outdoor hot and cold shower, wrap around deck, storage shed, upscale full bathroom, and electric heat throughout! This seasonal cottage may be occupied annually April 1 through October 31! Public water, private sewer, an annual land lease of $2770. 00 per year and property taxes of $1085. 00 make this an affordable oasis living by the sea. You can walk or bike into Hammonasset Beach State Park from the cottage as well as to some exceptional restaurants and coffee shops! Train to NYC, and shoreline bus service provide easy options for transportation. Madison Village is quintessential as are many other villages peppered along the Connecticut shoreline and Connecticut River. Experience them all from this location. Land lease is 7 months. Restrictions include No renting, No short term vacation renting, No trucks, No motorcycles, No boats. 2 vehicles are permitted. Young's Village is a quiet setting managed by the Young Family. Built in 1950 this cottage was rebuilt in 2003. Land size of 6 acres refers to the entire Village. Cottage Owners do not own any portion of the land but rather lease the land. Make this quintessential Madison home yours today!! $169K.
Type | Description | Dimensions | Level |
---|---|---|---|
Kitchen | Remodeled,Eating Space,Softwood Floor | Main | |
Living Room | Remodeled,Softwood Floor | 19X11 | Main |
Primary Bath | Remodeled,Full Bath,Stall Shower,Softwood Floor | 8X7 | Main |
Primary Bedroom | Cathedral Ceiling,Softwood Floor | 9X11 | Main |
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Our family of companies offer our clients a new level of full-service real estate. We shall:
To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
Our Insurance Division:
For homebuyers and sellers, our Attorney Network:
$169,000
Licensed Salesperson
William Raveis Real Estate
Phone: 617.438.5896
Chris.Cameron@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 508.944.8218
Bob.Flynn@raveis.com
NMLS Mortgage Loan Originator ID 6314
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $135,200 | $135,200 | $135,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.375% | 6.990% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 8.011% | 7.171% | 6.538% |
Monthly Tax Payment | $91 | $91 | $91 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $934 | $899 | $1,159 |
Total Monthly Payment | $1,100 | $1,065 | $1,325 |
* 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.