PLEASE SCROLL FOR MOST RECENT UPDATES!!!This impeccably maintained 4-bedroom, 2. 5-bathroom colonial begins to impress as you step in from the entry. Oak and tile flooring create a warm functional living space and the neutral color palette offers maximum styling freedom. An efficient gas fireplace gives the Family Room a welcoming feel, creating a great spot for reading or just relaxing. The roomy kitchen blends inspiring counter space with all major appliances. A classic island configuration maximizes workspace and flexibility. The entire scene is brightened by stylish lighting and french doors leading out to the back porch. As a roomy spot to relax at night and recharge for tomorrow, the primary bedroom is where to be. In addition to the convenience of an en-suite bathroom you will find 1 walk-in and 1 double closet providing plenty of room for wardrobes of all seasons, and for luggage and personal storage. A sitting area/office space adds yet more flexibility. The other 3 generously sized bedrooms are located on the 2nd floor as well as the laundry and a bathroom with double sinks and private shower area. Like the garage, the unfinished, heated 1080 SF basement is a goldmine of conversion potential, whether you have in mind a rec room, guest room, studio, or a secluded home office. Both the garage and basement are heated. The home sits on 4 acres with a very large yard that is attractively landscaped. A driveway with ample accommodation for guests leads to a heated attached two-car garage that is available for its original purpose, or you can get creative by treating it as additional flex space. Savor refreshments on the private back porch overlooking a large flat backyard with room for swing sets, pool or any other recreational dreams. The property site also includes a Storage Shed with hurricane ties. This charming home is a special find in the Founders Way neighborhood with convenient access to 95. Please see the attachment for a list of all home improvements. You don't want to miss this lovely Old Lyme property. In addition to many updates the owners will also be replacing the leaching fields, install a radon water mitigation system and install new expansion tank as well. All new updates will have supporting documentation after completion!
Type | Description | Dimensions | Level |
---|---|---|---|
Bedroom 1 | Ceiling Fan,Wall/Wall Carpet | 12X11.3 | Upper |
Bedroom 2 | Ceiling Fan,Wall/Wall Carpet | 12.3X12 | Upper |
Bedroom 3 | Ceiling Fan,Wall/Wall Carpet | 12.11X12.1 | Upper |
Dining Room | Hardwood Floor | 11.7X11.8 | Main |
Family Room | Hardwood Floor | 17.7X15.1 | Main |
Kitchen | 14X11.7 | Main | |
Living Room | 15.1X10.7 | Main | |
Primary Bedroom | Bedroom Suite,Ceiling Fan,Walk-In Closet,Hardwood Floor | 19.9X11.6 | Upper |
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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 | $535,200 | $535,200 | $535,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.250% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.945% | 7.133% | 6.256% |
Monthly Tax Payment | $514 | $514 | $514 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,651 | $3,557 | $4,513 |
Total Monthly Payment | $4,257 | $4,163 | $5,119 |
* 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.