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This custom-built home sits on over 3 beautiful, private acres, just needs some TLC to bring it back to its full glory. This is an outstanding project for an experienced contractor looking to maximize their return on a custom layout. Bring your vision and team to address the following required capital improvements and renovations: Structural Framing: Upper staircase framing updates required; support beams sit on the first-floor system with no continuous basement load-path transfer to the lower level. Foundation & Exterior Drainage: No gutters currently installed. The structure acts as a dam for hillside runoff, creating active cinderblock seepage and hydrostatic water rising through the concrete basement slab. Mechanicals & Roof: The home requires a total plumbing distribution and boiler replacement due to severe pipe bursts from the past winter freeze. The original roof is 30 years old and has active interior leaks. Clean Slate Lower Level: The walk-out basement has already been fully gutted down to the studs for you, saving you thousands in demolition costs! This offers a clean slate for required mold remediation and your own custom layout. Note: Property features an underground oil storage tank. The property is sold strictly AS-IS, cash or rehab loans only.
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Our Executive Mortgage Banker:
$524,900
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 |
|
|---|---|---|---|
| Loan Amount | $419,920 | $419,920 | $419,920 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.990% | 6.375% | 5.625% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.370% | 6.524% | 5.866% |
| Monthly Tax Payment | $1,277 | $1,277 | $1,277 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $2,515 | $2,620 | $3,459 |
| Total Monthly Payment | $3,884 | $3,989 | $4,828 |
* 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.