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Why travel to the beach when you can Own at the Beach! The highly coveted White Sand Beach Association in Old Lyme CT is ready to welcome you to your new Beach Home. This wonderful property is on a quiet, one-way road off the main roads of the community and will give you a sense of privacy and yet you are a very short distance to the beach, clubhouse, playground, half-court BBall, and Tennis courts. All for Association members and guests use. The property has been in the same family since it was built so you will be the second owner! The family has maintained the property over the years, and it's repeat rental guests can attest to this (if you are thinking Beach And Investment??!!). The home offers an open floor plan on the main floor with a propane fireplace in the living room, half bath and laundry off the kitchen and an enclosed front porch that overlooks the marsh, perfect for relaxing anytime of the day. Upstairs is a full bath and 3 larger bedrooms, All with ceiling fans. The backyard is set up for outdoor entertainment and time with friends and family! Beach homes rarely come up in this association due to the location, expansive beach, proximity to Griswold Point (with another beautiful beach!) and the privacy of a gated (June to September) beach association. Knock, Knock. . . opportunity here. Please answer the door!!
| Type | Description | Dimensions | Level |
|---|---|---|---|
| Bedroom 1 | Ceiling Fan,Laminate Floor | 10.0 x 12.0 | Upper |
| Bedroom 2 | Ceiling Fan,Laminate Floor | 10.0 x 12.0 | Upper |
| Dining Room | Laminate Floor | 12.0 x 12.0 | Main |
| Kitchen | Ceiling Fan,Laminate Floor | 10.0 x 10.0 | Main |
| Living Room | Gas Log Fireplace,Laminate Floor | 12.0 x 24.0 | Main |
| Primary Bedroom | Ceiling Fan,Laminate Floor | 12.0 x 12.0 | Upper |
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William Raveis Real Estate
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Phone: 203.980.8025
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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 | $540,000 | $540,000 | $540,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.000% | 6.375% | 5.625% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.374% | 6.524% | 5.866% |
| Monthly Tax Payment | $491 | $491 | $491 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $3,238 | $3,369 | $4,448 |
| Total Monthly Payment | $3,821 | $3,952 | $5,031 |
* 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. The Total Monthly Payment does not include the estimated HOA/Common Charge payment.