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This thoughtfully designed 1, 897 sq ft ranch by Silvin Homes offers the ease of single-level living with a modern, open-concept layout in East Lyme, Connecticut. The heart of the home features a spacious kitchen with a center island that flows effortlessly into the dining area and sun-filled great room, highlighted by hardwood floors throughout, granite countertops, and custom soft-close cabinetry-ideal for both everyday living and entertaining. The private primary suite is thoughtfully tucked away, offering a full bath and walk-in closet for comfort and relaxation. Two additional bedrooms and a shared full bath provide flexibility for guests, home office space, or family living, while a convenient mudroom and first-floor laundry connect directly to the attached two-car garage for enhanced functionality. Covered front and rear porches extend the living space outdoors, perfect for enjoying New England's changing seasons. Generous builder allowances provide exceptional opportunities to personalize finishes and tailor the home to your style. Built with quality craftsmanship and timeless design, this ranch blends comfort, efficiency, and modern new-construction living in a desirable shoreline community. Builder requires a construction-to-permanent loan - Financing by Elm Tree Funding
| Type | Dimensions | Level |
|---|---|---|
| Bedroom 1 | 12.0 x 12.4 | Main |
| Bedroom 2 | 12.0 x 12.4 | Main |
| Dining Room | 11.0 x 12.0 | Main |
| Kitchen | 11.4 x 17.0 | Main |
| Living Room | 10.5 x 16.0 | Main |
| Primary BR Suite | 13.0 x 16.0 | Main |
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William Raveis Real Estate
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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 |
|
|---|---|---|---|
| Loan Amount | $479,999 | $479,999 | $479,999 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.625% | 5.990% | 5.125% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.322% | 6.144% | 5.415% |
| Monthly Tax Payment | $0 | $0 | $0 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $2,763 | $2,875 | $3,827 |
| Total Monthly Payment | $2,855 | $2,967 | $3,919 |
* 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.