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Unique opportunity in downtown Milford! A beautiful antique Colonial on an OVERSIZED in-town lot~w/in walking distance of the Oval~the Wadleigh Library~the eclectic collection of downtown restaurants/pubs~Keyes Field & all that downtown Milford has to offer! This property has an expansive, elegantly landscaped, sloping back-yard~& is currently a 2-FAMILY, consisting of an adorable garden-style 1-BDRM, 1-BTH ADU/APARTMENT on the 2nd floor, w/its own entrance, parking, front hall & staircase, as well as the MAIN HOUSE, a spacious 2-STOREY 3-BDRM, 2-BTH dwelling, that includes a wide deck overlooking the gardens to the rear, a sizable sunroom that leads to the ATTACHED 3-STOREY BARN, offering masses of room for storage as well as some finished space on the 2nd-floor (1st flr not suitable for a parking garage w/out some structural work being completed). The roomy eat-in kitchen also overlooks the back yard, & there is parking for 2 -3 vehicles in each driveway, one on each side of the property. Many improvements have been completed by this owner, mostly structural, though some towards creating a DOGGIE SPA on the 1st floor, to the L of the front door. The apartment on the 2nd floor has two capacious w/in closets in the bedroom, one of which is currently being used as a studio. This property has enormous POTENTIAL, w/opportunities galore! Rental property, owner-occupied, co-housing arrangement, &, w/the necessary permitting from the town, a single family. Call today to explore!
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $396,000 | $396,000 | $396,000 |
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% | 7.050% | 6.152% |
Monthly Tax Payment | $710 | $710 | $710 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,471 | $2,601 | $3,315 |
Total Monthly Payment | $3,256 | $3,386 | $4,100 |
* 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.