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Motivated Seller! First time offered in nearly 50 years. Fantastic opportunity to own a two-family home near the center of town. 1966 custom, well-built Garrison Colonial conversion. Originally built as a four-bedroom single family home. Converted to multifamily around 1976. The first floor is spacious, offering a galley kitchen, good sized dining area, one bedroom, a full bath, and a large front-to-back living room with beautiful wood floors throughout. The second floor has about 925sf with access from the front foyer and from the rear deck. It features a galley kitchen, large living room, two good-sized bedrooms, one full bath and wood floors throughout. The full basement is unfinished with lots of space for an extra room and/or storage. This home features a huge 660sf detached garage with storage loft, and a shed. Great location, situated on a nice sized lot close to Historic Town Center, Branford Supply Ponds, trails, fine dining and casual eateries. Lots of shopping nearby and easy access to the many festivities the town has to offer. Such a great home with so many possibilities.
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William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker / Production Manager
William Raveis Mortgage, LLC
Phone: 203.305.5736
Kevin.DeTullio@Raveis.com
NMLS Mortgage Loan Originator ID 1724767
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 203.415.2989
Brian.Skelly@raveis.com
NMLS Mortgage Loan Originator ID 793093
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
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|---|---|---|---|
| Loan Amount | $399,920 | $399,920 | $399,920 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.875% | 6.375% | 5.490% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.583% | 6.533% | 5.764% |
| Monthly Tax Payment | $507 | $507 | $507 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $2,366 | $2,495 | $3,266 |
| Total Monthly Payment | $2,948 | $3,077 | $3,848 |
* 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.