|
|
Presented by
Maureen Harris |
Classic Two-Family! This well-built 1918 two-family home offers space, flexibility, and long-term upside in one of Putnam's most desirable corridors. Located directly on Route 44, adjacent to Day Kimball Hospital and minutes from downtown Putnam, I-395, shopping, dining, and UConn's expanding regional presence, the property is ideally positioned for both owner-occupants and investors. Offering 1, 944 square feet, the home features two units on separate floors, 3 bedrooms with potential for a 4th, and 2 full bathrooms. Generous room sizes, including a large front living room filled with natural light, provide flexible living arrangements suited to today's rental and owner-occupied buyers. Original hardwood floors, classic trim, and a functional layout add warmth and character throughout. The home is supported by solid mechanicals and a modern forced-air heating system for efficient, reliable comfort, along with city water and sewer for added convenience and long-term value. A full unfinished basement provides excellent storage and utility space, while the walk-up attic offers potential for additional finished space or expanded storage. The enclosed front porch adds valuable space and year-round usability. With strong income potential and a solid, well-maintained structure, this property presents an opportunity to add value through cosmetic improvements without the need for major renovation. Great investment opportunity offering income and upside in a prime loc
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Our family of companies offer our clients a new level of full-service real estate. We shall:
To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
Our Insurance Division:
For homebuyers and sellers, our Attorney Network:
$369,900
Sales Associate
William Raveis Real Estate
Phone: 973.943.6449
Maureen.Harris@Raveis.com
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
|
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
|---|---|---|---|
| Loan Amount | $295,920 | $295,920 | $295,920 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.250% | 5.875% | 5.125% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.112% | 6.520% | 5.415% |
| Monthly Tax Payment | $365 | $365 | $365 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $1,634 | $1,750 | $2,359 |
| Total Monthly Payment | $2,074 | $2,190 | $2,799 |
* 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.