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Charming Bungalow with Finished Studio Space — Additional Land Available!Located just off desirable Stony Hill Road, this charming bungalow sits on a private 0. 89-acre lot surrounded by mature trees and open space, offering a peaceful and private setting. A finished detached studio building provides excellent flexibility and features a sleeping area, kitchen, full bath, and laundry. This space offers potential for an in-law suite, guest quarters, or home office, with all intended uses to be verified by the buyer with the Town of Wilbraham. An additional 3. 59-acre approved and perced lot located directly behind the home is also available for purchase (see 767 Stony Hill Rd). The lot offers the opportunity to build a single-family home, create a private retreat, or explore homesteading possibilities. Buyer to verify all intended uses with the Town of Wilbraham.
| Type | Description | Level |
|---|---|---|
| Bedroom 2 | Closet, Flooring - Wall to Wall Carpet | First |
| Dining Room | Ceiling Fan(s), Flooring - Wall to Wall Carpet | First |
| Kitchen | Flooring - Laminate | First |
| Living Room | Wood / Coal / Pellet Stove, Flooring - Wall to Wall Carpet, Exterior Access | First |
| Master Bedroom | Closet, Flooring - Wall to Wall Carpet, Handicap Accessible, Deck - Exterior, Exterior Access, Slider | First |
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Our Executive Mortgage Banker:
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$485,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 617.281.4872
Kate.Rockett@raveis.com
NMLS Mortgage Loan Originator ID 1500191
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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 | $388,000 | $388,000 | $388,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.000% | 6.375% | 5.625% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.395% | 6.557% | 5.990% |
| Monthly Tax Payment | $391 | $391 | $391 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $2,326 | $2,421 | $3,196 |
| Total Monthly Payment | $2,792 | $2,887 | $3,662 |
* 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.