|
This property is essentially new construction. This was a rebuild after a major fire. Large percentage of the structure is new. What remained was brought down to the studs. All new roof structure in the main house. All new mechanicals, wiring and plumbing. All done to code and inspected. The attached barn was not really affected. New modern kitchens and fixtures. Black leathered granite counters with high end cabinets with soft close draws and doors. All kitchen and baths are completely new. All new insulation, drywall and millwork. Walk in closets were added. All new heating systems with central air. all separate utilities. 3 story barn has all the storage you could ever need. This is ideal for a contractor or rent storage for additional revenue. If you are finding it difficult to afford a single family that needs nothing this property is the answer! 3rd floor has a bedroom, full bath and living room area which is ideal for a roommate or teen suite. Don't pay up to 400K for an old, outdated single family until you see this property! The second unit combined with the storage will pay most of the mortgage and you get to live in a beautiful, spacious essentially new home for short money.
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Our family of companies offer our clients a new level of full-service real estate. We shall:
To learn more about our credentials, visit raveis.com today.
Our Insurance Division:
$650,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $520,000 | $520,000 | $520,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.500% | 6.875% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.058% | 7.050% | 6.152% |
Monthly Tax Payment | $285 | $285 | $285 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,287 | $3,416 | $4,353 |
Total Monthly Payment | $3,664 | $3,793 | $4,730 |
* 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.