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Now is your opportunity to own this unique and historic condo at The Valley House, which is located right in the epicenter of downtown Collinsville. The Valley House was built in 1868, as a hotel for both workers and visitors of the Collins Company (the Axe factory in town). In 1981 it was then turned into 17 condominiums. This stunning one-bedroom, one-bathroom unit offers a blend of contemporary style and comfort, perfect for modern living. In the living room, you will find cathedral ceilings and original horsehair beams dating back to the 1800s. One of the few units in the building that has a stackable washer and dryer. In addition, the electrical was updated in 2022 and all floors were updated in 2021. You have one spot in back for 4D, and everyone in the building shares the visitor "V" spot, which is closest to the dumpster. Just steps from your front door, you'll discover a vibrant neighborhood filled with shopping, restaurants, music, and nightlife. You'll also have the Rails to Trails for biking, walking, and running. You'll wake up to the view of the Farmington River, just waiting for you to enjoy kayaking and/or fishing. Don't miss your chance to own this unit in The Valley House, a building with character and vivacity, just like the booming town surrounding it!
Type | Description | Level |
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Eat-In Kitchen | Main | |
Living Room | Main | |
Primary Bedroom | Ceiling Fan,Wall/Wall Carpet | Main |
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
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Loan Amount | $160,000 | $160,000 | $160,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.500% | 6.875% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.058% | 7.025% | 6.132% |
Monthly Tax Payment | $336 | $336 | $336 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,011 | $1,051 | $1,339 |
Total Monthly Payment | $1,422 | $1,462 | $1,750 |
* 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. The Total Monthly Payment does not include the estimated HOA/Common Charge payment.