Discover a rare opportunity to own a charming 3-bedroom, 1. 5-bathroom ranch-style home on a stunning acre of land, ideally situated on the North Reading/Andover town line. This property offers a beautifully open, level lot with a wooded backyard, providing both privacy and ample space for potential expansion or even an inground pool. The home features gleaming hardwood floors throughout, complemented by a recently upgraded heating system, new hot water heater, and oil tank—taking care of the essential updates for you. The framed walkout basement has a potential to add an additional 1, 152 sq. ft. , perfect for creating extra living space tailored to your needs. A picturesque small pond at the back of the property provides a serene setting for seasonal activities like ice skating, with conservation land ensuring lasting privacy. This property is ideal for first-time homebuyers, those with a creative vision, or builders looking for endless possibilities.
Type | Description | Dimensions | Level |
---|---|---|---|
Bedroom 2 | Ceiling Fan(s), Closet, Flooring - Hardwood | 9.0 x 12.0 | First |
Bedroom 3 | Ceiling Fan(s), Closet, Flooring - Hardwood | 10.0 x 12.0 | First |
Kitchen | Ceiling Fan(s), Flooring - Stone/Ceramic Tile, Exterior Access, Recessed Lighting, Stainless Steel Appliances | 9.0 x 12.0 | First |
Living Room | Ceiling Fan(s), Closet, Flooring - Hardwood, Recessed Lighting | 11.0 x 19.0 | First |
Master Bedroom | Ceiling Fan(s), Closet, Flooring - Hardwood | 11.0 x 13.0 | First |
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William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
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 | $479,200 | $479,200 | $479,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.250% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.655% | 7.146% | 6.276% |
Monthly Tax Payment | $615 | $615 | $615 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,269 | $3,185 | $4,041 |
Total Monthly Payment | $3,976 | $3,892 | $4,748 |
* 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.