Welcome to River’s Edge Condominiums, where affordability meets convenience! This one-bedroom, one-bathroom condo offers the perfect blend of functionality, comfort and affordability with hot water included In the code fee! Enjoy stunning views of the Saugus River and the city skyline from the best vantage point in the complex. The thoughtfully designed layout features central air and a laundry room conveniently located just steps from your door. Two deeded parking spots provide hassle-free living and hot water is included in condo fee making it affordable. The short commute either via car or public transit options to Boston ensures you’re never far from all the action. Whether you’re a first-time buyer or looking to downsize, this is an opportunity to own a serene and stylish space at an unbeatable price. Don’t miss your chance to experience affordable riverfront living! Ask us about down payment assisted programs available for this unit!
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Our Executive Mortgage Banker:
Our Insurance Division:
$289,995
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 | $231,996 | $231,996 | $231,996 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.750% | 6.625% | 5.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.300% | 6.778% | 6.034% |
Monthly Tax Payment | $199 | $199 | $199 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,505 | $1,486 | $1,927 |
Total Monthly Payment | $1,778 | $1,759 | $2,200 |
* 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. The Total Monthly Payment does not include the estimated HOA/Common Charge payment.