This newly converted 4-bedroom, 2-bath condo offers an exceptional opportunity to own a spacious residence in the heart of historic downtown Newburyport. Situated next to historic Brown Square minutes from the vibrant nightlife, quaint shops, renowned restaurants, and the picturesque boardwalk along the Merrimac River, this property seamlessly blends modern living with Newburyport's storied charm. Spread across the 2nd and 3rd levels creative opportunities can be explored with both levels having a private entrance, bedrooms, and full bath to go along with the business variance for potential sep. living or home office. The 2, 274 square feet of living space ensures ample room for both relaxation and entertainment. Designed with convenience in mind, the condo features updated mechanics, basement storage, and no condo fee aside from master insurance. The private backyard includes a patio, garden + designated space for exclusive storage, adding to the property's appeal. OH- Thurs, Sat + Sun
Type | Description | Level |
---|---|---|
Bedroom 2 | Closet, Flooring - Hardwood, Lighting - Overhead | Main,Second |
Bedroom 3 | Closet, Flooring - Hardwood | Third |
Bedroom 4 | Closet, Flooring - Hardwood | Third |
Dining Room | Flooring - Hardwood, Lighting - Overhead | Main,Second |
Kitchen | Flooring - Hardwood, Countertops - Stone/Granite/Solid, Breakfast Bar / Nook, Remodeled, Stainless Steel Appliances, Lighting - Overhead | Second |
Living Room | Flooring - Hardwood, Lighting - Overhead | Main,Second |
Master Bedroom | Closet, Flooring - Hardwood, Lighting - Overhead | Main,Second |
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William Raveis Real Estate
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VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 617.281.4872
Kate.Rockett@raveis.com
NMLS Mortgage Loan Originator ID 1500191
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $639,920 | $639,920 | $639,920 |
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% | 7.171% | 6.518% |
Monthly Tax Payment | $0 | $0 | $0 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,365 | $4,253 | $5,487 |
Total Monthly Payment | $4,457 | $4,345 | $5,579 |
* 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.