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Opportunity knocks to acquire this three-bedroom home and transform it back into a desirable living space. Picture yourself relaxing on the inviting front porch and private back deck after repairs are made. The one car detached garage is an added bonus. The home is currently on a septic that the owner believes is not functioning properly. We have been told that there are sewer lines in the street to connect to if the next owner should choose to do so. Please verify this information for yourself. The home is connected to city water already. The service provider for the power & water is Groton Utilities. The property is selling "as-is where is" with any and all faults to be assumed by the buyer. Seller will not make any repairs. Only cash offers or renovation loans will be entertained at this time due to the condition, and the boiler may not be operational. This home is priced accordingly and ready for someone to make it shine again! The surrounding area has so much to offer. Boasting shopping centers, beaches, Bluff Point State Park, Library, Vineyards, and just minutes away from Downtown Mystic. Easy access to I-95 too. Set up your showing today before this one is scooped up.
| Type | Description | Level |
|---|---|---|
| Bedroom 1 | Upper | |
| Bedroom 2 | Upper | |
| Eat-In Kitchen | Main | |
| Full Bath | Tub w/Shower | Main |
| Living Room | Main | |
| Primary Bedroom | Upper |
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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 |
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|---|---|---|---|
| Loan Amount | $171,920 | $171,920 | $171,920 |
| 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% | 6.512% | 5.866% |
| Monthly Tax Payment | $272 | $272 | $272 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $1,030 | $1,073 | $1,416 |
| Total Monthly Payment | $1,377 | $1,420 | $1,763 |
* 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.