Built in 2012, The Tremont is a newer construction development consisting of five (5) fully leased luxury town homes set in a residential neighborhood on the Newton, MA line just steps to Oak Square, Brighton Center, St. Elizabeth's Hospital & one mile to Boston Landing and Arsenal Yards. The property is made up of two ground up new construction buildings. The front facing building is a side by side two (2) unit attached townhome building with three (3) levels of living including an entire top floor primary suite and unfinished basements. The rear building, 137-141 Tremont consists of three (3) attached townhomes with three (3) levels of living and a direct access two (2) car garage for each. The project is of high quality building materials with an emphasis on craftsmanship. Originally to be sold as condominiums, the Class A asset was acquired in 2012 and quickly stabilized. The unique investment offers luxury accommodations not readily available in this market.
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Our Executive Mortgage Banker:
Our Insurance Division:
$4,150,000
William Raveis Real Estate
Phone: 888.699.8876
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 Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $3,320,000 | $3,320,000 | $3,320,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.625% | 6.500% | 6.000% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.955% | 6.612% | 6.182% |
Monthly Tax Payment | $2,515 | $2,515 | $2,515 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $19,112 | $20,985 | $28,016 |
Total Monthly Payment | $21,752 | $23,625 | $30,656 |
* 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.