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380 384 Main Street, Salem, NH, 03079 | $3,000,000
Attention Developers! Adjusted Price. Property now being sold as is! Proposed Preconstruction/Renovation Project, 55 Units, 55+, 3 Existing Buildings. Beautifully landscaped 5-acre property, designed specifically for individuals 55 and over. This development includes three distinct buildings: Proposed project: Building 3 is Approved. Building 1, 2 no approvals and all building are being sold "As Is". Building (1) 32 condominiums needs, approval Building (2) 8 condominiums with full clubhouse, needs approval Building (3) 15 condominiums, approved. Total Units: 55 carefully thought out condos and a mix of 1 and 2 bedroom units with a few studios. Building 1 is gutted and ready for construction. Building 2 has not been touched and Building 3 is rough framed inside. Located on a tranquil corner. There is an approval for 24 units in Building 3. Located just 3 miles from the Tuscan Village in Salem, NH. This preconstruction development design had thoughtfully planned amenities that foster community. A gate at the entrance to create a gated community Balcony's on all buildings A bluebird sanctuary - 15 boxes Scenic walking paths around the perimeter of the property A dog park, complete with RFID entry Covered parking for 16 cars, up to 242 parking spaces.
Features
- Zoning: B2
- Frontage: 200
- Lot Desc: Subdivision
- School District: Salem School District
- MLS#: 5017597
- Website: https://www.raveis.com
/prop/5017597/380384mainstreet_salem_nh?source=qrflyer
This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of PrimMLS. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 11/14/2024Listing courtesy of BHHS Verani Bradford Phone: 978-372-9171
Listing Agent: Meredith Gavin
William Raveis Family of Services
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Customer Service
888.699.8876
Contact@raveis.com
Our family of companies offer our clients a new level of full-service real estate. We shall:
- Market your home to realize a quick sale at the best possible price
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- Give you the full resources and strength of William Raveis Real Estate, Mortgage & Insurance and our cutting-edge technology
To learn more about our credentials, visit raveis.com today.
Paul BerriosRegional SVP, Insurance Sales Producer, William Raveis Insurance
978-337-3053
Paul.Berrios@raveis.com
Our Insurance Division:
- Will Provide a home insurance quote within 24 hours
- Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
- Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
380 384 Main Street, Salem, NH, 03079
$3,000,000
Customer Service
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
|---|---|---|---|
| Loan Amount | $2,400,000 | $2,400,000 | $2,400,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.500% | 6.250% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.821% | 6.396% | 5.990% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $13,627 | $14,777 | $19,930 |
| Total Monthly Payment | $13,752 | $14,902 | $20,055 |
* 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.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
NH Mortgage Banker #11083-MB