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Fully Renovated 2-Family Home in Prime Stamford Location - Perfect for Investment or Multi-Generational Living Welcome to 42 Severance Drive, a beautifully renovated two-family home nestled in one of Stamford's most desirable neighborhoods. This turn-key property offers modern living with the benefit of rental income or extended family accommodations. Each unit boasts brand-new kitchens with quartz countertops, stainless steel appliances, custom cabinetry, and stylish finishes. Spacious living and dining areas are complemented by new flooring, recessed lighting, and large windows that flood the space with natural light. The first-floor unit includes 2 generously sized bedrooms and 1 bathroom on the main level, and the basement comes with an additional 1 bedroom, 1 bathroom in-law suite on its own electric. While the second-floor unit offers 2 bedrooms and 1 full bath. Both units enjoy brand-new bathrooms with contemporary tilework and sleek fixtures. Additional upgrades include new electrical, plumbing, HVAC systems, energy-efficient windows, and a new roof. Outside, you'll find a freshly landscaped yard perfect for entertaining or relaxing, along with ample off-street parking and a detached garage. Conveniently located near downtown Stamford, shopping, dining, schools, and major commuter routes, this property delivers both convenience and comfort.
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William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 203.952.8600
Joseph.Mollica@raveis.com
NMLS Mortgage Loan Originator ID 130058
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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Loan Amount | $1,119,200 | $1,119,200 | $1,119,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.500% | 6.625% | 6.125% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.614% | 6.727% | 6.309% |
Monthly Tax Payment | $1,011 | $1,011 | $1,011 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $6,355 | $7,166 | $9,520 |
Total Monthly Payment | $7,491 | $8,302 | $10,656 |
* 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.