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Welcome to desirable Rogers Lake in Old Lyme, where this charming 960 sq ft ranch offers a wonderful opportunity to create your ideal lakeside retreat. This 3-bedroom, 1-bath home features hardwood floors and two fireplaces, adding warmth and character throughout. Cute as button kitchen with oak cabinets. Full bath with tiled step in shower. A partially finished basement provides flexible space perfect for a recreation or billiard room, lounge, or hobby area complete with its own fireplace. Set on a manageable, flat lot with slate patio & a detached 2-car garage. While some cosmetic updates may enhance the space, key improvements including a brand new septic tank and a newer oil tank help provide peace of mind for future ownership. Whether you're looking for a seasonal getaway or a year-round home near the lake, this property presents a great opportunity to enjoy all that this sought-after lake community has to offer. For more information about Rogers Lake Association please visit rogerslakewestshores. com Best & final offers due Monday 4/27 by 8: 00 pm
| Type | Description | Level |
|---|---|---|
| Bedroom 1 | Hardwood Floor | Main |
| Bedroom 2 | Hardwood Floor | Main |
| Kitchen | Laminate Floor | Main |
| Living Room | Fireplace,Hardwood Floor | Main |
| Primary Bedroom | Hardwood Floor | Main |
| Rec/Play Room | Fireplace | Lower |
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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 |
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|---|---|---|---|
| Loan Amount | $279,920 | $279,920 | $279,920 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.625% | 6.625% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.133% | 6.739% | 5.952% |
| Monthly Tax Payment | $308 | $308 | $308 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $1,611 | $1,792 | $2,324 |
| Total Monthly Payment | $1,994 | $2,175 | $2,707 |
* 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.