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This stunning 5 bedroom, 2 full / 2 half bath home offers 5, 265 sqft of living space, set on 6. 16 flat acres with potential for anyone looking to make it their own or a developer in Colchester's sought-after Farmwood neighborhood. With an unparalleled value, this special property offers incredible built in equity. The fully attached legal in-law/ADU addition adds approximately 1, 000+ sqft with 2 additional full bathrooms, and bedrooms, a full kitchen, and separate exterior entrance that leads to a fenced in garden area (possibility to install an entrance from main home living room. All major work is done like drywall up, painted, plumbing and electric complete, ready for your personal finishes. Whether you use it as an in-law suite, income-producing rental, or epic entertainment space. The lower level adds another 1, 400 sqft NOT INCLUDED in the listed sqft. Including half a bath, entertainment space, a private office room, large utility room w/ work bench. Step inside the main home to a dramatic two-story foyer with soaring ceilings, custom molding, and chandelier. The formal dining room with French doors and crystal chandelier exudes elegance. The chef's kitchen features cherry cabinetry, granite counters, a large island with secondary sink, Sub-Zero fridge, Viking microwave, double Viking oven with hood and heat lamps flowing into a spacious great room. A sliding door leads to a massive Trex deck with hot tub. A 3 car heated garage, XL shed, and a 2nd buildable lot included
| Type | Description | Level |
|---|---|---|
| Bedroom 1 | Upper | |
| Bedroom 2 | Upper | |
| Bedroom 3 | Upper | |
| Bedroom 4 | Upper | |
| Dining Room | Main | |
| Living Room | Vaulted Ceiling | Main |
| Primary Bedroom | Full Bath | Upper |
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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 Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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|---|---|---|---|
| Loan Amount | $800,000 | $800,000 | $800,000 |
| 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% | 6.121% | 6.183% |
| Monthly Tax Payment | $1,305 | $1,305 | $1,305 |
| H/O Insurance Payment | TBD | TBD | TBD |
| Initial Principal & Interest Pmt | $4,542 | $4,796 | $6,751 |
| Total Monthly Payment | $5,938 | $6,100 | $8,055 |
* 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.