New to Market . . this 2-family is within walking distance to Tufts University and the MBTA Commuter Line on Boston Avenue. Features include 1st floor unit has 5 rooms living room, dining room, kitchen and 2 bedrooms. 1 full bath. 2nd floor unit has 6 rooms living room, dining room, kitchen and 2 bedrooms plus additional room used as a bedroom or office/den. Hardwood floors, new back deck w/ new stairs. New exterior paint. Roof was updated in 2016. Off street parking. One of the owners plans to remain as a tenant with a yearly lease - starting at $2, 700/ per month. And will have the option to remain up to 5 yrs with a yearly increase of $100. 00/month during each yearly lease (see Listing Agent for details) 2nd floor tenant has lived in 2nd floor unit for several years and pays $2000. 00/mo. which is low for the area. That lease is up the end of March. 2nd floor unit will be shown first. Shown only by appointment 10 to 3pm each day. First floor unit only to be shown to serious Buyers.
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William Raveis Real Estate
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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 | $759,920 | $759,920 | $759,920 |
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 | 6.748% | 6.474% | 6.036% |
Monthly Tax Payment | $585 | $585 | $585 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,315 | $4,741 | $6,361 |
Total Monthly Payment | $4,992 | $5,418 | $7,038 |
* 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.