You have the rare opportunity to own a fantastic multi-family that has been in the same family since 1966! Your spacious home sits on a quiet, tree-lined street in beautiful North Salem. Looking for easy access to Salem? Your future home is situated close to the MBTA with easy access to Rt. 1, Rt. 128, 1A and Rt. 114. Your first and second unit both have balconies with lovely views of the neighborhood. Each unit boasts two bedrooms with eat in kitchens. Your large basement includes updated heat systems for 2 of the units and an electrical upgrade the panels. This property is easy to show. Make an appointment today! Showings have access to the 2nd Unit, 3rd Unit and the basement. DO NOT DISTURB THE TENANT ON THE FIRST FLOOR! Access to the first floor comes only after a prospective buyer makes an offer on the property. It can be subject to viewing the first unit.
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Our Executive Mortgage Banker:
Our Insurance Division:
$849,900
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 Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $679,920 | $679,920 | $679,920 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.500% | 6.375% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.821% | 6.474% | 6.036% |
Monthly Tax Payment | $648 | $648 | $648 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,861 | $4,242 | $5,692 |
Total Monthly Payment | $4,601 | $4,982 | $6,432 |
* 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.