This inviting townhouse is your ideal blend of modern convenience and historic charm. Built in approximately 1824, this property was fully renovated down to the studs and completed in 2021. It offers 3 bedrooms, 2. 5 bathrooms and approximately 1450 square feet of thoughtfully designed space with many of the original finishes preserved including wide pine flooring and exposed beams throughout. On the main level you will find a spacious living area with one of three gas fireplaces, a half bathroom and an updated, spacious kitchen with granite countertops, plenty of storage and space to entertain. The second level features two bedrooms with their own fireplaces and one full bathroom. The upper level features a primary bedroom suite with a walk in closet an ensuite bathroom for extra privacy and a Velux Cabrio Juliette balcony. Conveniently located near Salem Commons (0. 1 m), Salem MBTA station (0. 3 m) and just under half a mile to Collins Cove Beach.
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$749,000
William Raveis Real Estate
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Contact@raveis.com
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 | $599,200 | $599,200 | $599,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.250% | 6.990% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.582% | 7.159% | 6.518% |
Monthly Tax Payment | $653 | $653 | $653 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,088 | $3,982 | $5,138 |
Total Monthly Payment | $4,833 | $4,727 | $5,883 |
* 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. The Total Monthly Payment does not include the estimated HOA/Common Charge payment.