Presented byFaith Whitehead |
Purchase your own office or retail condo in this conveniently located complex in popular "Essex, Ct" with close proximity to the downtown historic district and Exit 65 off I95. Recently occupied by a successful medical practice, there are a total of 8 rooms, 2 - 1/2 baths and an unfinished loft area. The first floor is 1240 sq ft and second floor is 510 sq ft that could be used as storage or renovated to produce a total 1750 sq ft. The complex is presently occupied by 7 medical and professional offices and a hair salon. Plenty of parking. . . known as Shoreline Professional Center come take a look!
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.
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$145,000
Luxury Properties Specialist
William Raveis Real Estate
Phone: 203.214.2820
Faith.Whitehead@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 203.444.2666
Leasley.Negron@raveis.com
NMLS Mortgage Loan Originator ID 2475920
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 203.415.2989
Brian.Skelly@raveis.com
NMLS Mortgage Loan Originator ID 793093
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $116,000 | $116,000 | $116,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.125% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.456% | 7.171% | 6.276% |
Monthly Tax Payment | $162 | $162 | $162 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $782 | $771 | $978 |
Total Monthly Payment | $1,019 | $1,008 | $1,215 |
* 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. The Total Monthly Payment does not include the estimated HOA/Common Charge payment.