Opportunity awaits! Located in the Collins Cove neighborhood is this 6 room, 2 bedroom, 2 full bath Colonial situated on a quiet dead-end street in the historic Bridge Street Neck area. First floor consists of a large kitchen with pantry, sunny & bright living room, plus 2 bonus rooms for possible mudroom or home office, full bath off the kitchen. Upstairs you’ll find 2 bedrooms, one with a heated floor, a tiled full bath with a jetted tub, heated floor and towel rack! This home has a combination of hardwood and carpeted floors. Updated electric panel, and a tankless hot water system for energy savings. Outside you will find a deck, fenced yard, and driveway with parking for at least 2 vehicles. Located just steps to a nice, secluded public beach and quick access to the bike path. Salem is the destination city of the North Shore with museums, shops, & a thriving restaurant/arts scene. A commuters dream - just moments to the MBTA- train, bus, ferry and all of North Shore and beyond.
Type | Description | Level |
---|---|---|
Bedroom 2 | Flooring - Hardwood, Lighting - Overhead | Second |
Kitchen | Flooring - Stone/Ceramic Tile, Pantry, Lighting - Overhead | First |
Living Room | Ceiling Fan(s), Flooring - Hardwood, Window(s) - Bay/Bow/Box | First |
Master Bedroom | Bathroom - Full, Flooring - Wall to Wall Carpet, Lighting - Overhead | Second |
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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 | $351,200 | $351,200 | $351,200 |
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 | 7.477% | 7.159% | 6.296% |
Monthly Tax Payment | $399 | $399 | $399 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,337 | $2,334 | $2,962 |
Total Monthly Payment | $2,811 | $2,808 | $3,436 |
* 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.