201 Adams Street, Newton (Nonantum), MA, 02458 | $789,900

ZONED BU2-Opportunity awaits on this multi use property in the heart of Nonantum Village, currently being operated as a traditional two-family home. The property consists of a front apartment: offering two levels of living space with a main floor living room with exposed brick, eat-in kitchen, bathroom, & a large loft style bedroom on second floor. The rear apartment also offers multiple levels of living areas: main floor bathroom, kitchen & living room, each generous in size. Two large bedrooms with ample closet(s), & third floor bonus space. OR convert the building back to a retail storefront, since it is zoned BU2 & had been used for retail/commercial use in the past! Separately metered utilities: front unit is solely operated by electricity. Back unit is operated by oil/gas. Surrounded by a mix of residential & commercial properties (providing endless opportunities). In close proximity to public transportation, highway access, shopping, municipal parking lots, schools & more

Features

  • Town: Newton
  • Zoning: BU2
  • Year Built: 2024
  • Acreage: 0.03
  • Est. Taxes: $5,648
  • MLS#: 73259615
  • Website: https://www.raveis.com
    /prop/73259615/201adamsstreet_newton_ma?source=qrflyer
The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.
Listing by Leah Rossi courtesy of RE/MAX Preferred Properties

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Michael CartierVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 1017266

508.335.8179

Michael.Cartier@raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
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Our Insurance Division:

  • Will Provide a home insurance quote within 24 hours
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201 Adams Street, Newton (Nonantum), MA, 02458

$789,900

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Michael Cartier

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 Conforming*
30 Year
Fixed-Rate Conforming
15 Year
Fixed-Rate Conforming
Loan Amount $631,920 $631,920 $631,920
Term 360 months 360 months 180 months
Initial Interest Rate** 7.000% 6.990% 6.250%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.815% 7.159% 6.538%
Monthly Tax Payment $471 $471 $471
H/O Insurance Payment $92 $92 $92
Initial Principal & Interest Pmt $4,204 $4,200 $5,418
Total Monthly Payment $4,767 $4,763 $5,981

* 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.