Canterbury Hall is a former Assisted Living facility that operated for 30+/- years. The owner closed this business in March 2021 and obtained permits for conversion to a multi-family. Since that time, the property has had 12 rentals in beautifully maintained spaces. Many of the units are shared with common kitchen, dining and living rooms. There are three apartments with private kitchens and all units have private bathrooms. The historic building is a lovely 2 story structure with an ell connecting it to a large 3 story barn. It sits on 5. 03 acres of pasture with stone walls and beautiful views. The exterior of the building is as carefully maintained as the interior and features 2 brick patios, 3 decks and a lovely 3 season porch. The historic beauty of this property has been carefully preserved with original flooring, masonry and decor while upgrading the facility's amenities. An extraordinary opportunity!!
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $1,260,000 | $1,260,000 | $1,260,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.000% | 6.750% | 6.500% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.377% | 6.851% | 6.664% |
Monthly Tax Payment | $1,133 | $1,133 | $1,133 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $7,554 | $8,172 | $10,976 |
Total Monthly Payment | $8,812 | $9,430 | $12,234 |
* 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.