In a league of its own, this meticulously remodeled 3-family home in desirable Spring Glen boasts a rare combination of modern upgrades, timeless charm, and income potential. This can be purchased as an owner occupied or Investment (Rents $2000, $1680, $1550). This truly exceptional property was specifically built as a multi-family home (not a conversion), the layout is functional and well-designed and attracts professionals from nearby Yale University. Each spacious unit features 2 bedrooms, 1-bathroom central air conditioning, and the convenience of in-unit washers and dryers. The first and second floor also have formal dining/second living room and the second floor has a sunroom/office/ artist studio. The third floor has a large eat in kitchen with a bonus hidden closet with extensive extra-large storage. Stylish kitchens with granite countertops (1st & 2nd floor) and ample closet space with IKEA Mirrored Wardrobes (1st & 2nd floor) add a touch of luxury. Remote Controlled Ceiling fans installed for climate control along with individual HVAC for all units. Modern bathrooms boast one-piece fiberglass showers/tubs and granite or Corian sinks. Beyond the units, restored natural woodwork adds a touch of elegance, while the roof, windows, and insulation, all updated in 2006, a new hot water heater (2024), and all units compliant with upgraded Fire-proof steel entry doors (2023 - Fire Marshal Code). A sprawling 3-car detached garage with off street parking for six additional cars provides ample space for vehicles and storage. Enjoy the privacy of a large backyard, all within walking distance to Spring Glen shopping and restaurants. This property offers the ease of individually metered utilities and the security of keyless door entry. As an added bonus, this property features a nearly half-acre backyard, providing a park-like atmosphere just a 5-minute walk from Lake Whitney. With its blend of modern amenities, classic touches, and fantastic income potential, this truly exceptional property offers a rare opportunity you won't want to miss! Leases are currently below market rates, and the larger 2nd-floor unit will be available for the investor/owner occupant in June 2024. Currently leased at $2, 000 (6/2024), $1, 680 (6/2024), $1, 550 (5/2025).
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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 | $599,920 | $599,920 | $599,920 |
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 | $1,135 | $1,135 | $1,135 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,093 | $3,987 | $5,059 |
Total Monthly Payment | $5,320 | $5,214 | $6,286 |
* 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.