Welcome to this beautifully maintained 3 bedroom apartment in a PRIME Salem location. This unit boasts hardwood floors throughout, with 3 spacious bedrooms featuring ample closet space. The open concept kitchen includes updated appliances, and granite countertops making it a perfect space for entertaining. Step outside onto the porch to enjoy the fresh air, or head downstairs to an outdoor space great for small get togethers and grilling. The convenience continues with 2 off-street parking spaces in the paved driveway and shared laundry located in the back stairwell. Nestled in a fantastic location this unit is a short distance from Forest River, Salem State, the commuter rail, and downtown Salem's shops and museums. Providing easy access to everything the city has to offer. Available 11/1, First, Security, and a 1/2 brokers fee are due at lease signing. Reference required, No pets permitted. The apartment advertised may not be available
Type | Description | Level |
---|---|---|
Bedroom 2 | Closet, Flooring - Wood | Second |
Bedroom 3 | Closet, Flooring - Wood | Second |
Kitchen | Flooring - Wood, Dining Area, Countertops - Stone/Granite/Solid | Second |
Living Room | Flooring - Wood | Second |
Master Bedroom | Closet, Flooring - Wood | Second |
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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 | $2,240 | $2,240 | $2,240 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.477% | 7.159% | 6.296% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $15 | $15 | $19 |
Total Monthly Payment | $90 | $90 | $94 |
* 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.