PRICE REDUCTION! Welcome to 26 Jefferson Ave - where historic charm meets modern comfort in the heart of New London. Offered at $349, 000, this well-maintained home delivers an ideal blend of character, convenience, and value-perfect for homeowners or investors looking for a strong rental market near hospitals, colleges, and the shoreline. Step inside and you'll find bright, spacious living areas, beautifully accented with original details that give the home warmth and personality. The updated kitchen offers plenty of cabinet space and modern functionality, flowing nicely into a dining area that's great for everyday living or hosting guests. With multiple bedrooms, generous closet space, and flexible rooms that can serve as home offices or guest areas, the layout adapts easily to different needs. The property also includes a private backyard, ideal for relaxing, gardening, or creating your own outdoor hangout space. Located minutes from L+M Hospital, Connecticut College, the Coast Guard Academy, downtown dining, parks, beaches, and major highways, this home puts all of New London's best amenities right at your fingertips. Whether you're a first-timer, upsizing, downsizing, or looking for a strong long-term or short-term rental opportunity, this home offers incredible potential at an accessible price point.
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$349,000
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
|
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
|---|---|---|---|
| Loan Amount | $279,200 | $279,200 | $279,200 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.990% | 6.375% | 5.625% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.370% | 6.524% | 5.866% |
| Monthly Tax Payment | $283 | $283 | $283 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $1,672 | $1,742 | $2,300 |
| Total Monthly Payment | $2,030 | $2,100 | $2,658 |
* 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.