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A rare opportunity to own a well-maintained two-family home in the heart of Bristol, ideal for owner-occupants, investors, or those looking for flexible living with built-in income. This property features two separate units, with the second-floor apartment currently leased on an annual agreement, providing immediate, reliable income. The first-floor unit is vacant and move-in ready, having been recently painted, making it perfect for an owner to settle in right away or to place a new tenant with ease. The home offers two separate heating systems, allowing for independent control and efficiency between units. A new roof was installed in 2016, and solar panels installed just three years ago help offset utility costs. The solar system is under a 25 year lease with a low monthly payments. Enjoy the home's inviting front porch, a classic Bristol feature that adds both charm and livability. The property sits on a 0. 072-acre lot and will also convey with three additional lots of equal size, offering valuable extra land - a rare bonus in this location. Additional features include washer and dryer located in the basement and secure basement storage areas Excellent walkability to downtown Bristol, the harbor, shops, restaurants, and the East Bay Bike Path Whether you're looking to live in one unit while generating income from the other, or renal of both units, 293 State Street delivers location, flexibility, and long-term value in one of Bristol's most desirable neighborhoods.
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$565,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 860.625.5780
Brianna.Turgeon@raveis.com
NMLS Mortgage Loan Originator ID 2104486
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
|---|---|---|---|
| Loan Amount | $452,000 | $452,000 | $452,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.500% | 5.990% | 5.250% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.197% | 6.156% | 5.541% |
| Monthly Tax Payment | $613 | $613 | $613 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $2,566 | $2,707 | $3,634 |
| Total Monthly Payment | $3,271 | $3,412 | $4,339 |
* 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.