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Bring your vision and transform this spacious colonial into the home of your dreams! Situated on a generous half-acre lot, this property offers an incredible opportunity for owner-occupants looking to customize a home to their own taste, as well as investors seeking a value-add project. Offered strictly as-is, the home requires a complete renovation but boasts an expansive floor plan with abundant living space and endless possibilities for redesign. The large square footage provides the flexibility to create a modern layout with spacious living areas and a luxurious primary suite tailored to today's lifestyle. With the proper municipal approvals and permits, buyers may wish to explore future accessory apartment or rental income opportunities. All prospective purchasers should perform their own due diligence regarding permitted uses. Whether you're looking to restore this property into a beautiful forever home or renovate it as an investment, the combination of substantial living space and a half-acre lot provides exceptional potential. Cash purchasers or buyers utilizing renovation financing only. Don't miss this unique opportunity to unlock the property's full potential!
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Our Executive Mortgage Banker:
$469,950
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 |
|
|---|---|---|---|
| Loan Amount | $375,960 | $375,960 | $375,960 |
| 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 | $1,274 | $1,274 | $1,274 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $2,224 | $2,346 | $3,097 |
| Total Monthly Payment | $3,573 | $3,695 | $4,446 |
* 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.