38 Lake Street, Salem, NH, 03079 | $500,000

Charming Salem Home! This 1960 Cape is situated convenient to Salem public schools, parks, shopping, restaurants & entertainment options. Tuscan Village is only minutes away. The cozy living spaces have been thoroughly updated for a move in ready experience. Upon arrival you will see the new driveway, brick paver walkway and granite entry steps. A modern kitchen (Brand New) boasts granite counter tops, soft closing cabinets and drawers, stainless appliances, and modern lighting. Fresh paint, refinished hardwood flooring, new carpet, updated bathroom that features and Bluetooth exhaust fan speaker. Settle into the living room and enjoy the electric fireplace while having a game night or reading a favorite book. The detached garage is 23ft by 15ft 6 inches which allows for up to two smaller vehicles or one car with valuable storage areas. Transform the back yard into your outdoor oasis.

Features

  • Rooms: 6
  • Bedrooms: 4
  • Baths: 1 full
  • Style: Cape
  • Year Built: 1960
  • Garage: 1-car Garage
  • Heating: Baseboard,Hot Water,Radiant
  • Cooling: None
  • Basement: Bulkhead,Concrete Floor,Full,Stairs - Interior,Storage Space,Unfinished,Exterior Access,Stairs - Basement
  • Approx Sq. Feet: 1,224
  • Acreage: 0.77
  • Est. Taxes: $6,150
  • Lot Desc: City Lot,Landscaped,Level,Street Lights,Wooded,Near School(s)
  • Elem. School: William E Lancaster School
  • Middle School: Woodbury School
  • High School: Salem High School
  • School District: Salem School District
  • MLS#: 5020812
  • Website: https://www.raveis.com
    /prop/5020812/38lakestreet_salem_nh?source=qrflyer
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Listing courtesy of Keller Williams Realty-Metropolitan   Phone: 603-232-8282
Listing Agent: Jim Harvey

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38 Lake Street, Salem, NH, 03079

$500,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

5/6 (30 Yr)
Adjustable Rate Conforming*
30 Year
Fixed-Rate Conforming
15 Year
Fixed-Rate Conforming
Loan Amount $400,000 $400,000 $400,000
Term 360 months 360 months 180 months
Initial Interest Rate** 7.000% 6.990% 5.990%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.551% 7.159% 6.276%
Monthly Tax Payment $513 $513 $513
H/O Insurance Payment $92 $92 $92
Initial Principal & Interest Pmt $2,661 $2,659 $3,373
Total Monthly Payment $3,265 $3,263 $3,977

* 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.