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Nestled in the desirable North End of Bridgeport, Connecticut, this charming 1, 587 sq. ft. Cape offers an excellent opportunity for both investors and owner-occupants. Located on Old Town Road, this property boasts proximity to the Merritt Parkway and Sacred Heart University, making it an attractive option for commuters, occupants and investors alike. The North End is known for its vibrant community, tree-lined streets, and convenient access to amenities, blending suburban tranquility with urban convenience. This home features four spacious bedrooms and three full bathrooms, providing ample living space for a growing family or shared living arrangements. Additionally, the 962 sq. ft. partially finished basement offers potential for up to three additional bedrooms, expanding the property's versatility. A brick facade adds timeless character, while the two-car garage provides practical storage solutions. Modern utilities, including city water, city sewer, and natural gas, ensure convenience and reliability. Though the property requires cosmetic renovations, it presents a fantastic canvas for transformation. With thoughtful updates, it can once again shine as a welcoming home or a lucrative rental property. Whether you're seeking a rewarding investment or a place to make your own, this house offers boundless potential. Don't miss the chance to bring this gem back to life!
Type | Level |
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Bedroom 1 | Upper |
Bedroom 2 | Main |
Bedroom 3 | Main |
Living Room | Main |
Primary Bedroom | Upper |
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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 |
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Loan Amount | $440,000 | $440,000 | $440,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.750% | 7.125% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.173% | 7.316% | 6.550% |
Monthly Tax Payment | $741 | $741 | $741 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $2,854 | $2,964 | $3,773 |
Total Monthly Payment | $3,687 | $3,797 | $4,606 |
* 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.