Welcome to this charming expanded cape on a generous 55x125 sf lot in the highly sought-after Salem neighborhood. This bright and airy residence offers an open layout with 5 bedrooms and 2 full bathrooms, perfect for modern living. As you enter through the foyer, you'll find the eat-in kitchen immediately to your right, featuring energy-efficient appliances, bar seating, and an abundance of natural light from its many windows. Adjacent to the kitchen, the open-concept dining room showcases a cozy wood-burning fireplace, ideal for both everyday meals and special gatherings. The spacious living room is bathed in sunlight from its large windows and sliding glass doors that lead to the backyard, creating a seamless indoor-outdoor flow. A versatile den, which can serve as an office, playroom, or gym, is also accessible through glass doors to the yard, providing additional flexible living space. Down the hallway, you'll find a full bathroom and two generously sized bedrooms with ample closet space. The second floor is dedicated to comfort and convenience, featuring three additional bedrooms and another full bath complete with laundry facilities. The level backyard is a standout feature, offering plenty of space for entertaining, a playset, or even the addition of a patio. Whether you're hosting gatherings or enjoying quiet outdoor time, this yard provides endless possibilities. Don't miss the chance to make this delightful home in a prime location your own! Being sold As Is.
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Our Executive Mortgage Banker:
Our Insurance Division:
$950,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 347.223.0992
Sarah.Alvarez@Raveis.com
NMLS Mortgage Loan Originator ID 1880936
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $760,000 | $760,000 | $760,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.500% | 6.375% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.821% | 6.474% | 6.036% |
Monthly Tax Payment | $1,250 | $1,250 | $1,250 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,315 | $4,741 | $6,362 |
Total Monthly Payment | $5,657 | $6,083 | $7,704 |
* 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.