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*UPDATE: MULTIPLE OFFERS; HIGHEST AND BEST BY MONDAY 8 pm please* INVESTORS & OWNER-OCCUPANTS TAKE NOTICE! Profit in the present with potential for much more in the future! Both units of this beautiful two-family corner-lot home have been treated with love and are move-in ready, featuring gorgeous hardwood floors and abundant natural light throughout. Spacious bedrooms, good-sized bathrooms, and comfortable living areas create a wonderful, natural flow. Enjoy peace of mind with an updated roof, windows, and furnace, plus a freshly painted lower level. Outside, the manicured yard offers a private backyard space to BBQ, a detached 2-car garage for ample storage, and a driveway that easily fits up to 6 vehicles. Extend your relaxation space with the open covered front porch and the second-floor screened-in patio. The upstairs unit offers direct access to a finished attic-perfect for a home office, study, or recreation space - while 800 sq ft of finished basement features a full bath, kitchen setup, and flex space, offering endless storage or creative potential. Whether you want to owner-occupy and let a tenant help with your mortgage, or add a stellar asset to your investment portfolio, 40 Elm demands your attention today! THIS PROPERTY WILL NOT LAST! Property to be sold in 'As-Is' condition. Inspections are for informational purposes only.
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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 | $311,920 | $311,920 | $311,920 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.375% | 6.625% | 5.875% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.524% | 6.776% | 6.078% |
| Monthly Tax Payment | $548 | $548 | $548 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $1,946 | $1,997 | $2,611 |
| Total Monthly Payment | $2,569 | $2,620 | $3,234 |
* 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.