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CALL FOR OFFERS 21 rooms framed out and ready for the completion of renovations; Interior corridor; Deeded Access to Canaan Street Lake Situated in the Canaan Historic District Wonderful wedding or event venue Price recently reduced to $475, 000 Offers must be submitted prior to December 11, 2025 One of Canaan’s historic homes is waiting for a new owner to bring it the rest of the way back to its former glory. A classic 13, 400 square foot, historic Greek Revival, the 2 acres of lush lawns are framed by mature trees that stun in the summer or fall. A walking path leads to deeded beach rights on Canaan Street Lake. The property is located on the historic Canaan Street which is lined with beautifully preserved country estates. The stately architecture emotes grace and relaxed living. The property was purchased with the intent of doing a full renovation and bringing the property to an elegant wedding and event venue. The home has been gutted as the first step in that renovation. Events unrelated to the property itself brought a change of direction and is now available for someone with their own plans to apply to this cleaned canvas. Once the home of the Cardigan Mountain School after a long service as a well reputed inn. Interestingly, the first purpose was as a stagecoach stop in 1798. Don’t miss this opportunity. This property is being sold "as is". Ask about the owner financing, favorable rate and LTV.
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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 | $340,000 | $340,000 | $340,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.750% | 6.375% | 5.375% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.533% | 6.533% | 5.668% |
| Monthly Tax Payment | $769 | $769 | $769 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $1,984 | $2,121 | $2,756 |
| Total Monthly Payment | $2,828 | $2,965 | $3,600 |
* 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.