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76-1 River Street West! This is an incredible opportunity, less than a quarter mile to Old Saybrook Main Street and Amtrak train station. A cozy kitchen, dining and living open to an expansive great room with vaulted, beamed ceiling. There is a generous first-floor bedroom and an adjacent full bath. Upstairs find two larger bedrooms and a second full bath. The basement has an elevated ceiling, ideal for future bonus space, with laundry and mechanicals as well as an easy to access 2-car garage. Originally built as an electric home, it was converted to oil heat. Two oil tanks afford bulk purchases. A wall-mounted AC unit keeps the main level cool. Window units are used on the second floor. An expansive deck runs the length of the home overlooking the tidal marsh and its incredible diversity of birds and wildlife. Flood insurance is $1057 annually and the home sits well elevated above the marsh. The home will benefit from new exterior siding, trim and updated flooring. Completely wonderful, immaculate interior with stunning potential for the next homeowner. Sidewalks run from the end of River Street to Saybrook Point and beyond. A uniquely quiet location just a stone's throw from the train station making this an idyllic weekend retreat or just right year-round home. Elevation certificate dated 1979 places the property at 13. 8' MSL see attached docs.
| Type | Description | Dimensions | Level |
|---|---|---|---|
| Bedroom 1 | Wall/Wall Carpet | 11.0 x 11.0 | Main |
| Bedroom 2 | Wall/Wall Carpet | 11.0 x 14.0 | Upper |
| Dining Room | Sliders,Wall/Wall Carpet | 10.0 x 11.0 | Main |
| Great Room | Skylight,9 ft+ Ceilings,Beams,Ceiling Fan,Wall/Wall Carpet | 20.0 x 23.0 | Main |
| Kitchen | Laminate Floor | 8.0 x 12.0 | Main |
| Living Room | 9 ft+ Ceilings,Wall/Wall Carpet | 11.0 x 19.0 | Main |
| Primary Bedroom | Wall/Wall Carpet | 11.0 x 14.0 | Upper |
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NMLS Mortgage Loan Originator ID 10930
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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 | $452,000 | $452,000 | $452,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.990% | 6.490% | 5.625% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.370% | 6.628% | 5.866% |
| Monthly Tax Payment | $451 | $451 | $451 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $2,707 | $2,854 | $3,723 |
| Total Monthly Payment | $3,250 | $3,397 | $4,266 |
* 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.