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Opportunity to live by the water is knocking! Whether you're looking for a condo alternative, a weekend getaway or an investment opportunity - now is your chance to own this adorable turnkey bungalow! This home is also city variance approved and there are plans available for replacing it with a 35-foot-tall home. The floor plan is open and sun filled and all the living spaces flow seamlessly into one another creating a wonderful space for everyday living & entertaining. Two bedrooms are serviced by an updated full bath with tub/shower enclosure. The updated eat-in-kitchen boasts maple cabinetry and stainless appliances and steps out to a deck with breathtaking views! Sought after upgrades such as roof & hot water heater (2017), sewer pipe from house to street (2018), walk-up attic for storage, gas heat! This home has never taken in water from any of the major storms! Your lifestyle will be enhanced by all this wonderful beach community and the town of Milford has to offer! Owner has had much success with Air Bnb and VRBO and has plenty of upcoming reservations should next owner want to use it in same capacity. Flood insurance is $4544 per year.
| Type | Description | Level |
|---|---|---|
| Bedroom 1 | Hardwood Floor | Main |
| Eat-In Kitchen | Balcony/Deck,Ceiling Fan,Dining Area | Main |
| Full Bath | Tub w/Shower,Laundry Hookup,Tile Floor | Main |
| Living Room | Ceiling Fan,Combination Liv/Din Rm,Hardwood Floor | Main |
| Primary Bedroom | Walk-In Closet,Hardwood Floor | Main |
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William Raveis Real Estate
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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 |
|
|---|---|---|---|
| Loan Amount | $356,000 | $356,000 | $356,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.000% | 6.375% | 5.500% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.395% | 6.533% | 5.794% |
| Monthly Tax Payment | $447 | $447 | $447 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $2,134 | $2,221 | $2,909 |
| Total Monthly Payment | $2,656 | $2,743 | $3,431 |
* 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.