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Now is the time to secure shoreline property and be fully moved in for spring at 1 Merwin Avenue, Unit B2 in Milford. This well-appointed 2-bedroom, 2-bath condominium offers 1, 350 square feet of thoughtfully designed living space right on Long Island Sound. The main living area features hardwood floors throughout, a gas fireplace for comfort during colder months, and double doors that open to a private balcony overlooking the water. A 2-car garage located directly under the unit provides valuable additional storage and protects vehicles from sun and snow. The building also includes an elevator, offering ease of access and long-term convenience. Clean lines, solid finishes, and a functional floor plan make this home move-in ready with room to personalize. Buy now, settle in this spring, and enjoy the value of shoreline ownership without overpaying. Properties with this combination of space, views, and building amenities are limited-and timing matters.
| Type | Level |
|---|---|
| Bedroom 1 | Main |
| Dining Room | Main |
| Kitchen | Main |
| Living Room | Main |
| Primary Bedroom | Main |
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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 | $519,920 | $519,920 | $519,920 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.250% | 5.875% | 5.125% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.112% | 6.520% | 5.415% |
| Monthly Tax Payment | $862 | $862 | $862 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $2,871 | $3,076 | $4,145 |
| Total Monthly Payment | $3,825 | $4,030 | $5,099 |
* 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.