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Nantucket style home located on Masons Island proper in move-in condition. Situated on a newer street with seasonal views looking towards the Mystic Harbor. An open floor plan on the main level allows for large spaces to entertain, including a deck off of the living room, as well as an open den and dining room. A first floor full bathroom allows the opportunity to convert the den into a first floor bedroom if needed. The second level has four bedrooms and two full baths, including a primary suite with ensuite bath and laundry. The full walk up attic is perfect for storage and has the potential to be finished off as additional living space. Likewise, a full walk out basement, yet to be finished, has the possibility for a recreation area or additional living space. New mechanics and finishes throughout provide care free living, in addition to the attached two car garage. The open yard is ideal for gardening and outdoor activities. Situated between downtown Mystic and Stonington Borough, the property allows for privacy and convenience. Access to the water, boating, tennis, and picnics by the sea are all part of the Masons Island community lifestyle. Ownership allows for an application to the Masons Island Yacht Club, but membership is not guaranteed.
| Type | Level |
|---|---|
| Bedroom 1 | Upper |
| Bedroom 2 | Upper |
| Bedroom 3 | Upper |
| Dining Room | Main |
| Living Room | Main |
| Primary Bedroom | Upper |
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William Raveis Real Estate
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William Raveis Mortgage, LLC
Phone: 203.980.8025
Frank.Kolb@raveis.com
NMLS Mortgage Loan Originator ID 81725
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
|---|---|---|---|
| Loan Amount | $1,116,000 | $1,116,000 | $1,116,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 4.750% | 5.625% | 5.375% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 5.878% | 5.732% | 5.555% |
| Monthly Tax Payment | $908 | $908 | $908 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $5,822 | $6,424 | $9,045 |
| Total Monthly Payment | $6,855 | $7,457 | $10,078 |
* 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.