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Presented by![]() Ellen Vincent |
***Highest and Best is due Monday 3/24 5pm***Welcome to this charming 3 bedroom, 2 bathroom home, perfectly situated in the highly desirable town of Salem. Set on a beautifully landscaped . 40 acre lot, this property offers direct stream access to Millville Lake, complete with residential beach rights for boating, fishing, and swimming. Step inside to a warm and inviting living space filled with natural light. The floor plan seamlessly flows from the living room to the kitchen, making it ideal for both relaxed living and entertaining. The bright kitchen features gas cooking and ample storage space. Down the hallway, you'll find a pantry and three generously sized bedrooms. The full bathroom even includes a highly coveted laundry chute for added convenience. For even more space, the large basement offers high ceilings, abundant storage, and endless potential. It includes an updated ¾ bath, a tool/workbench area, as well as a pellet stove. This area is perfect for an additional living room, home gym, office, or game room – it can be customized to fit your needs. Outside, enjoy the peace of your private yard, complete with a shed for extra storage and a carport to keep your vehicle sheltered from the elements. Whether you're relaxing on the deck, tending to your garden in the raised bed, or enjoying a leisurely stroll to the lake, this home offers the ultimate outdoor living experience. All of this is just minutes from major highways, Tuscan Village.
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Our Executive Mortgage Banker:
Our Insurance Division:
$539,900
Luxury Properties Specialist
William Raveis Real Estate
Phone: 203.313.8862
Ellen.Vincent@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 845.290.3871
Matthew.DeMaria@raveis.com
NMLS Mortgage Loan Originator ID 147983
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
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Loan Amount | $431,920 | $431,920 | $431,920 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.500% | 7.125% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.058% | 7.303% | 6.510% |
Monthly Tax Payment | $541 | $541 | $541 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $2,730 | $2,910 | $3,703 |
Total Monthly Payment | $3,363 | $3,543 | $4,336 |
* 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.