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This is the view when you are riding your stationary bike on the balcony! Enjoy sweeping city and harbor views from this highly desirable 15th-floor unit at University Towers. This bright east-facing residence features large windows that fill the space with natural light and hardwood flooring throughout. The updated kitchen and private balcony provide the perfect setting to relax while taking in the spectacular skyline views. Located in the iconic University Towers cooperative, this unit benefits from solid concrete and steel construction, offering excellent sound insulation and structural durability rarely found in wood-frame buildings. Residents enjoy the convenience and security of a professionally managed high-rise with onsite security, management, maintenance, and a swimming pool. Situated in the heart of downtown New Haven, just steps from Yale University and Yale New Haven Hospital, and surrounded by renowned restaurants, museums, theaters, and shopping. Monthly fee includes property taxes, heat, hot water, water, sewer, and trash removal, with up to approximately 40% of the fee potentially tax deductible. Parking available for $120/month. Cash purchase only. Owner occupancy required; no investors. For more info on University Towers Co-Op visit www. utnewhaven. com.
| Type | Description | Level |
|---|---|---|
| Full Bath | Tub w/Shower | Main |
| Kitchen | Main | |
| Living Room | Balcony/Deck,Hardwood Floor | Main |
| Primary Bedroom | Hardwood Floor | Main |
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William Raveis Real Estate
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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 | $96,000 | $96,000 | $96,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.990% | 6.490% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.358% | 6.640% | 5.952% |
| Monthly Tax Payment | $65,677 | $65,677 | $65,677 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $575 | $606 | $797 |
| Total Monthly Payment | $66,327 | $66,358 | $66,549 |
* 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. The Total Monthly Payment does not include the estimated HOA/Common Charge payment.