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Newly occupied residents or investors can find opportunity here. This income generating property is ready to be an investment or a home with just a little TLC. This is an opportunity to live in a relaxing neighborhood just a short walk from fishing, canoeing and Griswold's town park, this 6-bedroom, 3. 5-bath duplex is smartly listed for the next owner to offset expenses and build equity. Situated on more than a half-acre of trees, shrubs, and a lush green lawn, 52 -54 Sheldon Road offers a detached garage, sturdy stone foundation, private well, and energy-efficient doors and windows to reduce utility costs. Nicely set back from busy routes, residents enjoy quick access to Route 138 and 165. The surrounding area includes hiking in Pachaug State Forest, boating on Pachaug Pond, and A-list entertainment just 20 minutes away at Foxwoods Resort Casino. Although this 2, 500-square-foot multi-family needs a little attention buyers benefit from updates including new furnaces, a roof that's 5 years old and a new well pump.
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William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Senior Vice President - Coaching & Strategic
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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
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|---|---|---|---|
| Loan Amount | $300,000 | $300,000 | $300,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.875% | 6.250% | 5.375% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.357% | 6.419% | 5.668% |
| Monthly Tax Payment | $294 | $294 | $294 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $1,775 | $1,847 | $2,431 |
| Total Monthly Payment | $2,144 | $2,216 | $2,800 |
* 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.