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Charming & Versatile Home with Income Potential in Prime Location. This spacious property offers endless possibilities for personalization, whether you're looking for a family home with extra space, a rental opportunity, or a blend of both. The main floor features an open kitchen and dining area, two bedrooms, and a full bathroom. Upstairs, you'll find a cozy living room area, two additional bedrooms, another full bathroom, and a versatile small room ideal for an office, studio, or playroom. An added highlight is the in-law efficiency apartment in the walkout basement. With a private exterior entrance and additional access through the garage, this self-contained space offers potential for rental income or multi-generational living. The expansive backyard includes a pathway leading to a second cleared area, offering plenty of space for outdoor activities or future improvements. Ample parking options, featuring a semi-circle driveway in front, garage, and two additional parking lots (each fitting two cars). Currently tenanted, this property is perfect for buyers interested in an investment opportunity or those looking to create their dream home with added rental income potential. The home is situated just minutes from Rte 6, Willimantic & Mansfield Shopping, BJ's, East Brook Mall, Eastern (ECSU), Windham Hospital, and is only 10 minutes from UConn, Home Depot, Walmart, Mansfield Hollow State Park, & various nearby trails, including access to the Nipmuk (Blue Blaze) Trail.
Type | Level |
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Bedroom 1 | Upper |
Bedroom 2 | Main |
Bedroom 3 | Main |
Dining Room | Main |
Full Bath | Main |
Full Bath | Upper |
Full Bath | Lower |
Kitchen | Main |
Kitchen | Lower |
Living Room | Upper |
Living Room | Lower |
Primary Bedroom | Upper |
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William Raveis Real Estate
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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 |
|
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Loan Amount | $272,000 | $272,000 | $272,000 |
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 | 7.019% | 7.050% | 6.152% |
Monthly Tax Payment | $281 | $281 | $281 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,697 | $1,787 | $2,277 |
Total Monthly Payment | $2,053 | $2,143 | $2,633 |
* 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.