Immerse yourself in the extraordinary potential of this expansive residential lot in Melrose, offering the wonderful opportunity to construct your 2, 600 SF dream home. Spanning approximately 15, 000 SF, this property boasts a walk-out basement and lower level. Moreover, the strategically elevated position provides an unparalleled panoramic view of the iconic skyline. You will enjoy the convenience of a flat, fully fenced yard, perfect for both play and privacy, a rarity with such stunning vistas of the Boston skyline. Imagine yourself enjoying panoramic views from multiple decks, the backyard, and through well-lit windows at the back of the house. Revel in designing the interior to your exact specifications while indulging yourself in the unmatched beauty this location offers. Don't settle for just a home; create an experience that's truly extraordinary!
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,555,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Senior Vice President - Coaching & Strategic
William Raveis Mortgage, LLC
Phone: 203.980.8025
Frank.Kolb@raveis.com
NMLS Mortgage Loan Originator ID 81725
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $1,244,000 | $1,244,000 | $1,244,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.375% | 6.125% | 5.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.700% | 6.222% | 5.785% |
Monthly Tax Payment | $0 | $0 | $0 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $6,966 | $7,559 | $10,247 |
Total Monthly Payment | $7,091 | $7,684 | $10,372 |
* 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.