New Price! Cash Offers Encouraged! This lovely 2 family (with potential for 3!) home built in 1835 has been very well maintained and still holds some of its historic charm as well as many beautiful updates! The 1st floor unit has 2 beds/1 bath. The 2nd & 3rd floor unit is a cottage setup with 2 levels, 2 beds, 1 bath. Public record has this property listed as a 3 family, 3rd unit is attached to the back of the building and is a shell that would require a complete renovation or removal for more outdoor space. This home has plenty of potential to maximize space & rental income for the right buyer and would make a great owner occupied home. The 1st & 2nd units have gas heat, radiators & baseboards, roof is newer, sewer line was redone, and plumbing and electrical are updated as well. Basement is a good size and usable for storage, etc. , good size yard too. This home has plenty of potential! Seller is offering a $10, 000 credit at closing towards removal of third unit if desired
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NMLS Mortgage Loan Originator ID 81725
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $359,200 | $359,200 | $359,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.477% | 7.159% | 6.296% |
Monthly Tax Payment | $463 | $463 | $463 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,390 | $2,387 | $3,029 |
Total Monthly Payment | $2,928 | $2,925 | $3,567 |
* 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.