They say when one door closes another opens. Having had to cancel their wedding in the summer of 2020, they were devastated. And then, 109 Gray St. became available & they saw an opportunity to put all the energy and resources they had saved for their wedding into making their home. A lovely 4 bedroom colonial with 2 full & 2 half bathrooms near the entrance to Menotomy Rocks Park, the house had a magical feeling but needed updating. So they turned their attention to, among other things, creating the kitchen of their dreams, renovating bathrooms, refinishing floors and ceilings, replacing wiring, adding air conditioning, and generally giving it what it needed for its next chapter. Sadly, work is taking them away from Arlington so their tenure at 109 Gray St is not as long as they had hoped and planned. However, their unexpected move opens the door for a new owner to make this graceful and beautifully improved house their home. Sellers welcome offers with requests for buyer concessions.
Type | Description | Dimensions | Level |
---|---|---|---|
Bedroom 2 | Closet, Flooring - Wood | 10.0 x 18.0 | Second |
Bedroom 3 | Closet, Flooring - Wood | 12.0 x 13.0 | Second |
Bedroom 4 | Closet, Flooring - Wood | 13.0 x 10.0 | Second |
Dining Room | Closet/Cabinets - Custom Built, Flooring - Wood, Window(s) - Bay/Bow/Box | 13.0 x 15.0 | First |
Kitchen | Flooring - Wood, Kitchen Island, Open Floorplan | 13.0 x 13.0 | First |
Living Room | Flooring - Wood, Balcony / Deck, French Doors | 19.0 x 18.0 | First |
Master Bedroom | Bathroom - Full, Walk-In Closet(s), Flooring - Wood | 11.0 x 14.0 | Second |
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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 Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $1,112,000 | $1,112,000 | $1,112,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.750% | 6.625% | 6.125% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.004% | 6.738% | 6.307% |
Monthly Tax Payment | $1,034 | $1,034 | $1,034 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $6,489 | $7,120 | $9,459 |
Total Monthly Payment | $7,648 | $8,279 | $10,618 |
* 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.