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BEACH VIBES MEETS INVESTMENT OPPORTUNITY! The sunlight, ocean air, and space to grow; this elevated two-family home offers more than just a place to live. Whether that means creating your dream home, generating income, or both. This rare blend of seaside ease, incredible location with smart investment potential is not to be missed! The main residence spans 3 floors of approximately 2, 000 sq ft of living space, inviting you in with it's wraparound porch, natural light and water views. Gorgeous hardwood floors and updates throughout creates an inviting atmosphere that feels both relaxed and refined. The 1st FL features an open floorpan with a formal living room, updated eat-in kitchen, dining room, laundry area & half bath. The charming stair case leads to the 2nd floor with Primary bedroom suite-full bath & WIC, 3 additional bedrooms, an enclosed 3 season room and back balcony! The finished lower level completes this incredible apartment. The 2nd Unit offers a thoughtfully designed 1-bedroom, 1-bath layout (approx. 700 sq ft), with stunning water views; ideal for generating rental income, hosting guests, or creating a private space of your own. This amazing home is equipped with gas heat, central air and spacious back yard. Located up the street from Dawson Beach in a sought-after neighborhood near Ocean Ave's great restaurants & conveniences, and less than 20 minutes to New Haven. Experience the allure of coastal living and make your beachfront dreams a reality! Photos coming soon of kitchens & baths once appliances are installed (Stainless steel appliances, washer & dryer)
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$699,000
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
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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 | $559,200 | $559,200 | $559,200 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.990% | 6.375% | 5.490% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.370% | 6.524% | 5.730% |
| Monthly Tax Payment | $827 | $827 | $827 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $3,349 | $3,489 | $4,566 |
| Total Monthly Payment | $4,268 | $4,408 | $5,485 |
* 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.