Discover the charm of Historic Salem in this spacious 3-bedroom, 2-bathroom second-floor apartment. With large rooms and high ceilings, the apartment feels open and airy, enhanced by beautiful hardwood floors throughout. The ample natural light adds to the inviting atmosphere, making it a perfect space for relaxation or entertaining. Located in a prime area near downtown Salem, this apartment offers easy access to a variety of shops, restaurants, and public transportation. Enjoy Salem's vibrant city life and historic sites just minutes from your door. Convenient features include in-building laundry and one off-street parking spot. Water is included, with the tenant responsible for gas and electric. First month’s rent, deposit and broker fee are due at signing. This is a smoke-free residence.
Type | Description | Level |
---|---|---|
Bedroom 2 | Flooring - Hardwood, Remodeled | Second |
Bedroom 3 | Flooring - Hardwood, Remodeled | Second |
Kitchen | Flooring - Vinyl, Cabinets - Upgraded, Remodeled, Gas Stove | Second |
Living Room | Flooring - Hardwood, Flooring - Wood | Second |
Master Bedroom | Bathroom - Full, Flooring - Hardwood, Remodeled | Second |
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William Raveis Mortgage, LLC
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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 | $2,640 | $2,640 | $2,640 |
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 | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $18 | $18 | $22 |
Total Monthly Payment | $93 | $93 | $97 |
* 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.