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Great Value for Owners or Investors if you are looking for a solid home or a smart investment. This 2-bedroom, 2-bathroom unit in Cromwell Gardens offers the perfect foundation. Located on the first floor for easy access, this unit is filled with natural light and offers a functional layout that makes daily living simple. The HOA includes both heat and water, making your monthly budgeting much easier. Enjoy the in-ground pool during the summer months. The primary bedroom is a standout feature, offering a private bathroom and a walk-in closet - significantly increasing rental demand and resale value. The second bedroom is perfect for a guest room or home office. Step out through the sliders to your private balcony - the perfect spot for a morning coffee or evening breeze. The building also features an elevator for easy access to the 2nd-floor laundry and a dedicated storage unit in the basement. This is a low-maintenance, high-demand unit. Being on the 1st floor makes it attractive to all tenants. Because heat and water are included in the HOA, your overhead is predictable, which is a major win for your bottom line.
| Type | Description | Level |
|---|---|---|
| Bedroom 1 | Main | |
| Dining Room | Combination Liv/Din Rm | Main |
| Living Room | Balcony/Deck,Combination Liv/Din Rm,Sliders | Main |
| Primary Bedroom | Bedroom Suite,Half Bath,Walk-In Closet | Main |
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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 | $148,000 | $148,000 | $148,000 |
| 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 | 6.209% | 6.292% | 5.628% |
| Monthly Tax Payment | $194 | $194 | $194 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $840 | $899 | $1,199 |
| Total Monthly Payment | $1,109 | $1,168 | $1,468 |
* 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. The Total Monthly Payment does not include the estimated HOA/Common Charge payment.