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Enchanting & breathtaking-these are the words that come to mind the moment you round the curve and the shores of Mulberry Point unfold before you. "Grace Cottage", elevated above the flood plain, has unparalleled views of Long Island Sound and is just steps away from the coveted association beach. Welcoming front porch with IPE decking will quickly become your go-to summer spot either for morning coffee, afternoon iced tea or dining al fresco, w/ beautiful breezes off the water & spectacular views of the Sound. Enter the great room w/ walls of windows that maximize the incredible views; the perfect space to relax w/ a book or entertain a crowd. Recently refinished hardwood floors, functional built-ins, wet bar & stone fireplace (1st of 2) will warm up any cold winter night. A large functional kitchen w/ pantry w/ newly installed luxury vinyl flooring offers views into the fenced back yard. Main fl. bedroom w/ vaulted ceilings & built-in's offers first floor living if needed. Full bath w/ stall shower & the washer & dryer complete the 1st level. Second level primary offers fabulous views w/ a private balcony, dressing area, full bath, & newly installed carpet. The Mulberry Point Beach Association is renowned for its enduring community spirit, with association dinners and various social events throughout the summer, making it one of the most sought-after beach communities on the Connecticut Shoreline - while simultaneously, one of its best-kept secrets. New metal roof 2024.
| Type | Description | Dimensions | Level |
|---|---|---|---|
| Bedroom 1 | Vaulted Ceiling,Built-Ins,Ceiling Fan,Vinyl Floor | 9.0 x 13.0 | Main |
| Full Bath | Stall Shower | 6.0 x 7.0 | Main |
| Kitchen | Corian Counters,Pantry,Vinyl Floor | 13.0 x 17.0 | Main |
| Living Room | Built-Ins,Combination Liv/Din Rm,Wet Bar,Fireplace,Hardwood Floor | 19.0 x 21.0 | Main |
| Primary BR Suite | Cathedral Ceiling,Balcony/Deck,Built-Ins,Ceiling Fan,Dressing Room,Full Bath | 12.0 x 13.0 | Upper |
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Phone: 203.980.8025
Frank.Kolb@raveis.com
NMLS Mortgage Loan Originator ID 81725
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
|---|---|---|---|
| Loan Amount | $960,000 | $960,000 | $960,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.500% | 6.250% | 6.000% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.165% | 6.361% | 6.183% |
| Monthly Tax Payment | $1,182 | $1,182 | $1,182 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $5,451 | $5,911 | $8,101 |
| Total Monthly Payment | $6,758 | $7,218 | $9,408 |
* 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.