COMMERCIAL OR RESIDENTIAL. RENOVATIONS COMPLETED. This free-standing all brick building is centrally located in the historic Shawsheen Village District, close to major highways, public transportation, shopping and downtown Andover. Property features 4 floors of living/usable space, central A/C & heat, plenty of off street parking and a 3 car detached garage. There are 2 bedrooms on the 1st floor along with the living room, kitchen, laundry and a bathroom. 2nd floor has 7 beds 1 bath and the 3rd floor has 2beds 2 baths. Home is equipped with security and the main floor has handicap accessible bathroom and a wheelchair ramp. Home features brand new plumbing, electrical, new commercial fire suppression system. Now is the time to modify for your use. Depending on when it is sold, the seller will continue to finish but it will be sold at the finish level it is at, at the time of offer. Property back on market as Buyer could not obtain financing.
Type | Description | Dimensions | Level |
---|---|---|---|
Bedroom 2 | Closet, Recessed Lighting | 14.0 x 11.0 | First |
Bedroom 3 | Closet, Recessed Lighting | 10.0 x 8.0 | Second |
Bedroom 4 | Closet, Recessed Lighting | 10.0 x 9.0 | Second |
Kitchen | Recessed Lighting | 16.0 x 11.0 | First |
Living Room | Recessed Lighting | 13.0 x 14.0 | First |
Master Bedroom | Closet, Recessed Lighting | 14.0 x 11.0 | First |
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,379,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 978.314.1072
Joanne.OKeefe@raveis.com
NMLS Mortgage Loan Originator ID 38342
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $1,103,200 | $1,103,200 | $1,103,200 |
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 | $1,989 | $1,989 | $1,989 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $6,264 | $6,883 | $9,235 |
Total Monthly Payment | $8,378 | $8,997 | $11,349 |
* 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.