This ranch-style home on a corner double lot on Plum Island, Newburyport, MA, offers coastal living at its finest. While the property is in need of repairs/updates, you will be rewarded with one-level living. The spacious double lot acts as a natural barrier to the neighboring property and provides ample outdoor space, ideal for relaxing and entertaining, with plenty of parking. The living room features pine paneling, a fireplace, and exposed beams. With three good-sized bedrooms, one bathroom, an unfinished basement, and 1, 484 sq. ft. of living space, this home has room for everyone. You'll find lots of storage in the attic, adding to the home's functionality. The property includes one of only five pools allowed on the island, presenting an exciting opportunity for refurbishment. Located on the quieter side of the island, where you hear birds, not traffic, the home also has the possibility of water views in three directions if raised. Don’t miss your chance to own a piece of paradise
Type | Description | Dimensions | Level |
---|---|---|---|
Bedroom 2 | 12.0 x 11.0 | First | |
Bedroom 3 | 12.0 x 11.0 | First | |
Kitchen | Dining Area, Exterior Access | 19.0 x 15.0 | First |
Living Room | Deck - Exterior, Exterior Access, Slider | 16.0 x 15.0 | First |
Master Bedroom | 12.0 x 12.0 | First |
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William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 617.281.4872
Kate.Rockett@raveis.com
NMLS Mortgage Loan Originator ID 1500191
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $582,400 | $582,400 | $582,400 |
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 | 7.477% | 7.159% | 6.498% |
Monthly Tax Payment | $741 | $741 | $741 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,875 | $3,871 | $4,994 |
Total Monthly Payment | $4,708 | $4,704 | $5,827 |
* 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.