15 Michael Rd, Tewksbury, MA, Massachusetts, property flyer

15 Michael Rd, Tewksbury, MA, 01876 | $49,900

Price improvement makes this property irresistible! For the resourceful developer. This property has a high concentration of wetlands (see photo attached to listing) that will likely fail traditional efforts to acquire building permits. Potential for a flow through basement build. Welcome to this beautiful, quiet . 48 Acres (20, 816 SqFt) wooded, corner lot that is waiting for your ideas, at the end of Michael Road. One contractor suggested an Open Foundation - Columns, piers and piles that support a raised home and allow wetland waters to pass underneath the structure. Some people say that open foundations can be less vulnerable to flood damage than closed foundations. Near routes 3, 495, 93, 38. Buyers and their agents to do their due diligence regarding building permits. Property abutting single family home lot. Natural Gas, Water & Sewer nearby. Seller and seller agent provide no warranties or representations.

Features

Zoning: RG
Lot Desc: Level, Rolling Slope, Wooded, Corner Lot

MLS#: 73302505
Website: https://www.raveis.com
/prop/73302505/15michaelrd_tewksbury_ma?source=qrflyer

The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.
Listing by Curtis Knight courtesy of Curtis Knight Real Estate LLC

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Frank KolbSenior Vice President - Coaching & Strategic, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 81725

203.980.8025

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15 Michael Rd, Tewksbury, MA, 01876

$49,900

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Frank Kolb

Senior Vice President - Coaching & Strategic

William Raveis Mortgage, LLC

Phone: 203.980.8025

Frank.Kolb@raveis.com

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	$39,920	$39,920	$39,920
Term	360 months	360 months	180 months
Initial Interest Rate**	6.750%	6.625%	5.750%
Interest Rate based on Index + Margin	8.125%
Annual Percentage Rate	7.300%	6.802%	5.990%
Monthly Tax Payment	N/A	N/A	N/A
H/O Insurance Payment	$75	$75	$75
Initial Principal & Interest Pmt	$259	$256	$332
Total Monthly Payment	$334	$331	$407

* 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.