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Set in a desirable Farmington neighborhood, this five-bedroom Colonial offers space, flexibility, and a great location. The level yard is ideal for play, pets, or gatherings, and you're just minutes from shopping, dining, and the rail-trail for walking, running and biking. An estimated 1990 addition expanded the main level with a generous family room with fireplace, perfect for relaxed evenings or entertaining, and added a second staircase leading to a large recreation room above, ideal for a home office, playroom, or media space. The original portion of the home has had its windows replaced, providing improved efficiency. Energy-minded features include roof-mounted solar panels installed less than four years ago. A geothermal heating and cooling system was added years back to replace oil. While it's no longer in use, the home has since returned to oil heat with a brand-new oil tank in place. Central air is not currently connected, but existing ductwork makes future installation straightforward. Inside, you'll find recent improvements throughout, including many rooms with refinished or replaced wood floors and brand-new carpeting in the fifth bedroom. With some thoughtful updating, this home offers a wonderful opportunity to create something truly special.
| Type | Level |
|---|---|
| Bedroom 1 | Upper |
| Bedroom 2 | Upper |
| Bedroom 3 | Upper |
| Bedroom 4 | Upper |
| Dining Room | Main |
| Family Room | Main |
| Kitchen | Main |
| Living Room | Main |
| Primary BR Suite | Upper |
| Rec/Play Room | Upper |
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William Raveis Real Estate
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VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 860.463.1745
Russell.Baboff@raveis.com
NMLS Mortgage Loan Originator ID 1014636
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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 | $400,000 | $400,000 | $400,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.500% | 6.125% | 5.375% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.285% | 6.280% | 5.648% |
| Monthly Tax Payment | $718 | $718 | $718 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $2,271 | $2,430 | $3,242 |
| Total Monthly Payment | $3,081 | $3,240 | $4,052 |
* 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.