Back on the market! Delightful two bedroom home that is a very short walk to your own private association beach on Coventry Lake. A great entry to the Lake lifestyle and all the fun and recreation that Lake Wangumbaug has to offer! Open floor plan, featuring a newer addition kitchen, dining, laundry, living and large family room are on first floor and two upstairs bedrooms. The large family room was formerly two rooms, one a bedroom and could likely be converted back resulting in a three bedroom home offering a first floor bedroom. Nice level lot, plus two additional adjacent lots (to the right) are included! Would also make a great rental for the non summer months, which would give you summer months to enjoy the lake and income the rest of the year. This property is in a special tax district to pay the required once yearly fee for beach access (Waterfront Park). That amount for the three lots is currently $81. 55 per year. Note, the house is on the combined lots 5&6 of Waterfront Park, . 33 acres, and included is lot 7 (. 17 acre) and lot 8 (. 18 acre). . 68 acres total. Tax amount is on the house and its lot, and tax amount on the adjacent lots is not included in the tax amount. Per the town building department, likely lots 7 & 8 would be usable if combined with the primary adjacent house lot.
Type | Level |
---|---|
Bedroom 1 | Upper |
Dining Room | Main |
Family Room | Main |
Full Bath | Main |
Kitchen | Main |
Living Room | Main |
Primary Bedroom | Main |
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $199,920 | $199,920 | $199,920 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.250% | 7.125% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.945% | 7.282% | 6.538% |
Monthly Tax Payment | $252 | $252 | $252 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,364 | $1,347 | $1,714 |
Total Monthly Payment | $1,691 | $1,674 | $2,041 |
* 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.