West Medford/Playstead Park 2 Family! Amazing opportunity to own a 2 family in a TOP neighborhood near the park & the West Medford Train stop! ~ A commuters dream! This desirable multi family offers two spacious units with high ceilings, traditional 2 bedroom layouts w/ expansion potential to combine the the third floor and basement, with a large back yard, patio and driveway. Unit 1 offers a living room, den/office, dining room, kitchen, 2 bedrooms, 1 bath and a rear deck. The second floor includes a living room, dining room, kitchen, 2 bedrooms, 1 bath & 2 decks. This is the perfect investment opportunity or great for first time home buyers. 13 Wheelwright is adjacent to Medfords beloved Playstead park and a 0. 3 miles from the train which takes you right into North Station. This ideal location is also close to the town center, Middlesex fells, Winchester center & more! Update as you wish or move in and enjoy. *Rear decks & front stairs need work* Showings for unit 2 Saturday only.
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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 Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $799,200 | $799,200 | $799,200 |
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 | $642 | $642 | $642 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,538 | $4,986 | $6,690 |
Total Monthly Payment | $5,272 | $5,720 | $7,424 |
* 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.