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Legal 4 family home sited on 9754sf of level, MR3 zoned land. Converted by permit to a four family in 1947 the home consists of 18 rooms, 8 bedrooms, and 4 baths spread out over 4148sf of living area. There are two 1 BR units on the first floor and two duplex 3 BR units on the 2nd & 3rd floors. Each unit has a covered deck, and there is a ginormous amount of parking out back. Large basement with direct access from units has 4 high efficiency gas fired furnaces, 4 gas hot water tanks, four electric panels, coin op laundry and plenty of storage. Units in good shape but need update. With this large lot of land, the option to build new is worth considering and might be a terrific spot for new townhouses. Great location a short walk to Trader Joe's and Newtonville Square, and great public transit options with the commuter rail and x-bus. But don't hesitate long as opportunities like this don't come around too often in Newton.
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Our Executive Mortgage Banker:
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$1,995,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 508.335.8179
Michael.Cartier@raveis.com
NMLS Mortgage Loan Originator ID 1017266
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $1,596,000 | $1,596,000 | $1,596,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.875% | 6.500% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.335% | 6.612% | 6.433% |
Monthly Tax Payment | $953 | $953 | $953 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $9,441 | $10,088 | $13,684 |
Total Monthly Payment | $10,519 | $11,166 | $14,762 |
* 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.