Owner occupant or investor fixer opportunity, CASH OR CONVENTIONAL REHAB LOAN ONLY, spacious 2, 400 sq ft home presently classified as a 2-family, last used as a 6 bedroom single family with 2 kitchens, one on each floor (front entry stairway is not partitioned off), ideal in-law situation, also commercial zoned means one can use solely for office/retail/commercial or allows for an in-home business such as hair salon, antiques, crafts, tattoo parlor, insurance etc. 3-4 parking spaces plus extra wide shoulder for street parking, located 200' from intersection of routes 131 and 197. Newer roof, modern windows, siding, heating, hot water, wood floors, NEEDS sheet rock, paint, kitchen/bath & electric panel upgrade. Ceiling/Wall stains or damage obviously resulted before the newer roof. Property shares a common wall just at the left corner with #149 next door to the left. Easy commute to Worcester or Boston. Buyers and Buyer Broker to do due diligence
Type | Level |
---|---|
Bedroom 1 | Main |
Bedroom 2 | Main |
Bedroom 3 | Upper |
Bedroom 4 | Upper |
Bedroom 5 | Upper |
Living Room | Main |
Primary Bedroom | Main |
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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 | $183,200 | $183,200 | $183,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.330% | 7.171% | 6.538% |
Monthly Tax Payment | $264 | $264 | $264 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,219 | $1,218 | $1,571 |
Total Monthly Payment | $1,558 | $1,557 | $1,910 |
* 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.