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Rare opportunity to own a truly unique South Glastonbury property offering the perfect blend of residential living, income potential, workspace, and hobby space - all set on 1 beautifully manicured acre with three separate structures. The main residence is a stylish 2 bedroom, 2 full bathroom ranch featuring approximately 1, 300 square feet of living space with an industrial-inspired aesthetic. Gorgeous hardwood floors, soaring beamed ceilings, skylights, and ample windows fill the home with warmth and natural light, while the striking fireplace serves as a stunning focal point. The second structure is a fully occupied 2-family home providing excellent income potential. The first-floor unit offers 3 bedrooms and 2 full bathrooms, while the second-floor unit features 2 bedrooms and a charming private porch overlooking the pristine grounds. Separate utilities add convenience and flexibility for owners and tenants alike. The third structure offers endless possibilities for hobbyists, contractors, artists, or entrepreneurs. Complete with 2 garage bays, workshop space on the main level, and an incredible second-floor hayloft-inspired area, this building is ideal for creative pursuits, storage, or workspace needs. Perfectly located on Main Street in the heart of South Glastonbury, this exceptional property is just moments from the Village's quaint shops, fine restaurants, the historic Rocky Hill-Glastonbury Ferry, and scenic Cotton Hollow Preserve. Additional features include natural gas, separate utilities, laundry in both homes, ample parking, and an unmatched live-work-play lifestyle opportunity. More professional photos available soon.
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$995,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 860.463.1745
Russell.Baboff@raveis.com
NMLS Mortgage Loan Originator ID 1014636
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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|---|---|---|---|
| Loan Amount | $796,000 | $796,000 | $796,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.500% | 6.125% | 6.000% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.165% | 6.259% | 6.183% |
| Monthly Tax Payment | $960 | $960 | $960 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $4,520 | $4,837 | $6,717 |
| Total Monthly Payment | $5,572 | $5,889 | $7,769 |
* 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.