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Great two-family home offering a flexible layout and excellent versatility, ideal for an owner-occupant, investor, or multigenerational living. The first-floor unit is currently tenant-occupied and was originally designed as a two-bedroom; the second bedroom wall was removed to create a spacious front-to-back living room. This unit features pine flooring, a wood-burning stove, first-floor laundry, a generously sized kitchen, and a full bath. The second-floor, owner-occupied unit includes pine flooring, two bedrooms, a full bath, a small kitchen, and a cozy living room. The property is equipped with three hot water heaters(newer), two electrical panels, and one furnace (2020), with water and sewer billed quarterly for the entire home. A second washer/dryer hookup is located in the basement. Set on a level, fenced lot with a large shed and carport, the property offers both functional outdoor space and privacy. Conveniently located for commuting to New Haven hospitals, train station, colleges, schools, beaches, and surrounding shoreline communities. Originally a single-family home, the property could easily be converted back if desired.
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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 | $319,200 | $319,200 | $319,200 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.250% | 6.000% | 5.250% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.112% | 6.178% | 5.541% |
| Monthly Tax Payment | $464 | $464 | $464 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $1,763 | $1,914 | $2,566 |
| Total Monthly Payment | $2,302 | $2,453 | $3,105 |
* 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.