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Coveted Beach Cottage Near Silver Sands Beach - A Coastal Gem! Nestled just four homes away from a deeded easement leading to Silver Sands Beach, this charming 3-bedroom, 2-bath home offers the perfect blend of tranquility and convenience. Spanning 1, 290 square feet across two levels, it features a spacious layout with a walk-in attic for extra storage and an inviting backyard, perfect for relaxation or entertaining. Located in a highly desirable neighborhood, this pet-friendly home is surrounded by warm hospitality and a strong sense of community. With ADU potential, it serves as an excellent multi-generational home or a smart investment for both long- and short-term rentals. Whether you seek a peaceful year-round retreat or a vibrant seasonal getaway, this home offers it all. The neighborhood is a quiet oasis for much of the year but comes alive in the summer, especially during the Fourth of July and Memorial Day weekends, when the beach energy is at its peak. The close proximity to the shoreline makes morning strolls and sunset walks effortless, adding to the charm of this idyllic beachside property. Perfect for those looking for a coastal haven, this home provides both serenity and an exciting community atmosphere when desired. Don't miss the opportunity to own a piece of Silver Sands Beach-this rare find won't last long!
Type | Description | Level |
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Bedroom 1 | Wall/Wall Carpet | Upper |
Bedroom 2 | Hardwood Floor | Main |
Family Room | Hardwood Floor | Main |
Kitchen | Breakfast Nook | Main |
Living Room | Hardwood Floor | Main |
Primary Bedroom | Wall/Wall Carpet | Upper |
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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 | $420,000 | $420,000 | $420,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.375% | 6.875% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.007% | 7.037% | 6.152% |
Monthly Tax Payment | $497 | $497 | $497 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $2,620 | $2,759 | $3,516 |
Total Monthly Payment | $3,209 | $3,348 | $4,105 |
* 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.