Discover the ideal blend of residential charm and commercial opportunity with this unique colonial home, grandfathered commercially zoned in a residential area. This property gives you a wonderful opportunity to be creative and make this space anything you want it to be, perfect for a home business, recreational hobbies, and so much more! Live in the well kept 3 bed, 1. 5 bath Colonial home in a fabulous area near the Connecticut River and Portland's Main Street. The home's 1925 charm has been beautifully maintained, offering hardwood floors throughout and an updated bathroom. The living room is adorned with a stunning center fireplace and the natural light fills the entire house throughout. Hang out during New England summer evenings on the front porch, perfect for sitting and watching the rain or reading a good book. The finished basement area is a great location for an office, complete with built-in book shelves, a 1/2 bath and conveniently located right off the entrance of the workshop. This workshop has a total of 1, 350sqft (that's 50ft by 27ft) complete with its own separate furnace for on-demand heat and 2 separate exits including an oversized sliding barn door. Outside, the detached 2 car garage is wired and has extra workspaces on the main floor and attic. It also has a separate furnace for its own on-demand heating. This one of a kind treasure won't be on the market for long! This property is in a flood zone. FEMA Elevation Certificates are available for both the house and the garage. No flood insurance required.
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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
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $303,200 | $303,200 | $303,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.375% | 6.875% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.747% | 7.030% | 6.140% |
Monthly Tax Payment | $450 | $450 | $450 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,094 | $1,992 | $2,538 |
Total Monthly Payment | $2,619 | $2,517 | $3,063 |
* 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.