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Discover a truly rare, multigenerational compound in East Lyme, situated on a sprawling 2. 37-acre retreat along the scenic Latimer Brook. A configuration like this is virtually impossible to recreate, making it a once-in-a-lifetime opportunity for a family compound, investment property, or a peaceful private sanctuary. The property features a spacious 2, 252-square-foot main house originally built in 1900, with 4 bedrooms, 3 full baths, and expanded as recently as 2004. Steps away sits a fully detached, 1, 134-square-foot guest cottage/in-law ranch featuring 1 bedroom and 1 bath, boasting an effective build year of 2018 following a complete, top-to-bottom renovation. Adding immense value is a massive, versatile outbuilding complete with a workshop and garage space, perfect for entrepreneurs, hobbyists, or a home occupation. The expansive grounds, already featuring a chicken coop, a vegetable garden, established apple and pear trees, blueberry bushes, and raspberries, offer fantastic potential for a small homestead or hobby farm. Outside, the park-like acreage offers unparalleled tranquility, filled with the gentle, distant sounds of the active Silver Falls. Enjoy ultimate privacy with room to breathe, all while remaining minutes from East Lyme's coastal amenities, highways, and top-rated schools. Whether looking to house multiple generations separately, offset your mortgage with rental income, or find workspace to cultivate your passion, this unique country compound delivers. This property is not in a Flood Zone. The driveway to the cottage is a right-of-way over 59 Silver Falls Rd, Montville.
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
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$825,000
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 Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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|---|---|---|---|
| Loan Amount | $660,000 | $660,000 | $660,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.500% | 6.000% | 6.000% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.165% | 6.133% | 6.183% |
| Monthly Tax Payment | $890 | $890 | $890 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $3,747 | $3,957 | $5,569 |
| Total Monthly Payment | $4,729 | $4,939 | $6,551 |
* 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.