Single-family home for the price of a condo and in a highly sought-after neighborhood only a few blocks to the Global Biotech Hub in Central Square, a 1/2 mile to Boston and Green Line / Red Line public transportation options make this an IDEAL LOCATION to call HOME. This home is ready for someone to bring their own personal touches too and get additional equity from doing so. The first level features a kitchen, living room, while the second level has two bedrooms and a full bath, offering the perfect canvas for homeowners to design their dream house and bulid out the lower level for additional living space bring the interior to over 1400SF of living. Homes sales in the area are getting over $1. 3 million and some fetching over $1000/PPSF. This home is ideally situated within a short walk to the Lechmere Green Line & the Global Biotech Hub of Kendall Square with the Charles River nearby too for biking, running and walking. Taxes w/ res exemption estimated at $1, 798. 81/annually
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William Raveis Real Estate
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Senior Vice President - Coaching & Strategic
William Raveis Mortgage, LLC
Phone: 203.980.8025
Frank.Kolb@raveis.com
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 | $639,200 | $639,200 | $639,200 |
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 | $400 | $400 | $400 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,253 | $4,248 | $5,481 |
Total Monthly Payment | $4,745 | $4,740 | $5,973 |
* 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.