HUGE PRICE REDUCTION IMPROVEMENT. Situated on a 25, 613 sq ft lot, this is a great opportunity to buy this unique mixed use property which includes a single family and a building, all with 25 parking spaces. It is being sold as one, not subdivided. The two story building, though in a SFB zone, has a business use variance since 2014 in order to have usage of office spaces as well as to utilize for educational purposes (ie a dance or yoga studio etc). At present, the building has central air and houses 4 offices, a conference room, kitchen and 2 baths on the first floor; and the second story has one huge space 30'6'x47' with a floating wood dance floor, cathedral ceilings and bathroom. The single family colonial has a new foundation, new roof, water, sewer, and electric and an unfinished interior waiting for all your build-out ideas. More details on the Feature Sheet, Variance and Survey attached. Ask me more questions and details. NOT in a flood zone.
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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 | $880,000 | $880,000 | $880,000 |
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 | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $4,997 | $5,490 | $7,367 |
Total Monthly Payment | $5,122 | $5,615 | $7,492 |
* 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.