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Investor, Multi-Generational, or Owner-Occupant Opportunity! Bring your vision and unlock the potential of this substantial Bristol property offering over three finished levels of living space. Currently utilized as a single-family residence, town records reflect a two-family designation, with potential for conversion to a three-family setup due to the home's three-floor layout. Buyers should perform their own due diligence regarding future use and zoning requirements. Inside, you'll find 11 total rooms, 2 kitchens, 2 full bathrooms, and an abundance of character, including tray ceilings, spacious room sizes, and a solid floor plan ready for your personal updates and improvements. This is an ideal opportunity for someone looking to build equity through renovations while preserving the home's strong bones and classic charm. Additional features include Parquet flooring, main-level laundry, generously sized kitchens, a walk-out basement, and numerous exterior improvements already completed, including vinyl siding, updated windows, and an updated roof. Outside, enjoy a paved driveway with parking for up to six vehicles, a valuable feature for owner-occupants or potential multi-unit use. Conveniently located near Route 6, shopping, dining, and everyday amenities, this property offers flexibility, space, and outstanding upside potential for investors, multi-generational living arrangements, or buyers seeking a large home with room to grow. Property is being sold as-is. Opportunity awaits those ready to add their finishing touches and maximize its full potential.
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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 |
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|---|---|---|---|
| Loan Amount | $335,200 | $335,200 | $335,200 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.875% | 6.375% | 5.625% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.230% | 6.512% | 5.866% |
| Monthly Tax Payment | $339 | $339 | $339 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $1,983 | $2,091 | $2,761 |
| Total Monthly Payment | $2,397 | $2,505 | $3,175 |
* 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.