Rare opportunity to own a majestic 2 unit professional office building located in the heart of historic Dedham Square. This is a unique property that offers tremendous potential and opportunity. The first floor unit consists of 4 rooms, a half bath and rear porch. The second floor unit features a full bath, as well as 5 additional rooms including a small kitchen area and rear porch. There are curb cuts on both Washington St and School St that lead to a paved parking lot for 6 cars behind the building. Updates include separate 100-amp electrical services, natural gas heat and hot water system, windows, roof, driveway and parking lot. The property is located in the opportunity filled Central Business Zoning District. Potential uses in the CB district include 2-family, mixed-use, medical office, business/professional office, small retail business, personal service establishment or general service establishment. 1st floor is owner occupied and 2nd floor is rented at TAW for $1, 800/month.
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William Raveis Real Estate
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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 | $719,920 | $719,920 | $719,920 |
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 | 6.769% | 6.270% | 5.864% |
Monthly Tax Payment | $1,101 | $1,101 | $1,101 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,031 | $4,374 | $5,930 |
Total Monthly Payment | $5,224 | $5,567 | $7,123 |
* 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.