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Welcome to 45 Farrell Road, a classic Cape-style home set on 0. 76-acres, along a town-designated scenic road in Storrs. Offering a peaceful setting and a flexible layout, this home presents a great opportunity for its next owner to make it their own. Inside, you'll find over 1, 800 square feet of living space, including 2. 5 bathrooms, 3-4+ bedrooms, and a one-car garage, with a layout that comfortably accommodates a variety of living needs. The primary bedroom with bath is conveniently located on the main level, providing ease of living and added functionality. The majority of the home offers hardwood floors. The home lives larger than expected, with multiple rooms that can easily function as additional bedrooms, home offices, or creative spaces depending on your needs. The main level offers a comfortable flow between living areas, while the enclosed porch provides additional space to relax, entertain, or enjoy the surroundings. Upstairs, you'll find additional living space that adds to the home's versatility. A whole-home generator, supported by two owned propane tanks, along with 200 amp electrical service, adds valuable peace of mind and modern capacity, ensuring comfort and reliability. Brand new boiler to be installed next week. Ideally located just minutes from the University of Connecticut, this home offers convenient access to shopping, dining, and all that the Storrs area has to offer. The property also directly abuts Bundy Brook Farm, creating a beautiful natural backdrop with scenic wooded views and a heightened sense of privacy. For outdoor enthusiasts, several hiking trails and nature areas are just a short drive away, offering easy access to explore the surrounding landscape. This home is ready for its next chapter. In need of updating, this property offers a fantastic opportunity for your vision to come to life and create a space tailored to your style. Schedule your showing today!
| Type | Level |
|---|---|
| Bedroom 1 | Upper |
| Bedroom 2 | Upper |
| Dining Room | Main |
| Living Room | Main |
| Primary Bedroom | Main |
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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 | $295,920 | $295,920 | $295,920 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.750% | 6.125% | 5.375% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.275% | 6.284% | 5.595% |
| Monthly Tax Payment | $378 | $378 | $378 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $1,727 | $1,798 | $2,398 |
| Total Monthly Payment | $2,180 | $2,251 | $2,851 |
* 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.