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Opportunity meets location in this split-level home offering the best of both worlds-peaceful country surroundings just minutes to shopping, schools, and everyday conveniences. Set in the desirable and growing community of Colchester, this property delivers a rural feel with access to modern amenities. Located on a cul-de-sac ensures low auto activity providing a comfortable walkable neighborhood. Inside, you'll find a spacious interior ready for your vision and creativity. The open floor plan provides a solid foundation for today's lifestyle, while the fireplace living room and formal dining room offer classic gathering spaces and feature cherry hardwood floors. The eat-in kitchen presents an opportunity to reimagine and design to your taste with views of the backyard. A partially finished lower level adds flexible living space-ideal for a family room, home office, or recreation area. Upstairs, the primary bedroom features a walk-in closet and private bath, complemented by 2 generously sized additional bedrooms and main bathroom. Outside, a private wooded backyard creates a serene setting for relaxation or entertaining. A two-car garage adds convenience and storage plus Kloter Farms 12x24 detached garage/shed. This home requires updates and renovation and is being sold as-is, making it an excellent opportunity for buyers looking to build equity and customize a home to their style. A rare chance to invest in a well-located property with strong upside potential.
| Type | Description | Dimensions | Level |
|---|---|---|---|
| Bedroom 1 | Laminate Floor | 13.2 x 11.7 | Upper |
| Bedroom 2 | Laminate Floor | 9.9 x 11.4 | Upper |
| Dining Room | Bay/Bow Window,Hardwood Floor | 13.2 x 9.1 | Main |
| Eat-In Kitchen | Vinyl Floor | 13.2 x 7.8 | Main |
| Family Room | Built-Ins,Laminate Floor | 13.2 x 16.4 | Lower |
| Kitchen | Vinyl Floor | 13.2 x 9.2 | Main |
| Living Room | Bay/Bow Window,Fireplace,Hardwood Floor | 14.2 x 18.7 | Main |
| Primary Bedroom | Full Bath,Walk-In Closet,Laminate Floor | 13.4 x 17.7 | Upper |
| Rec/Play Room | Concrete Floor | 23.9 x 19.9 | 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 | $300,000 | $300,000 | $300,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.250% | 6.625% | 5.875% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.609% | 6.887% | 6.078% |
| Monthly Tax Payment | $481 | $481 | $481 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $1,847 | $1,921 | $2,511 |
| Total Monthly Payment | $2,402 | $2,476 | $3,066 |
* 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.