453-455 State St, Springfield, MA, 01105 | $385,000
Property FHA Appraised 2x's but Buyer couldn't get approved so, This 3-Story Mixed Use, Residential / Commercial Historic Building located in one of Springfield's Prime Locations is Broom Clean and Back! Lots of foot-traffic. Premium E/West bound Auto Visibility, and on bus route. Each Unit comes with Separate Utilities! Ground floor was being used as a coffee house which includes a code-compliant serving counter and 2 accessible restrooms. Second and third floors contain 2+ bedroom quiet apartments. Each have a bonus room that overlook the college campus while the rear balconies are private, covered and overlook parking and school athletic field. Building is registered tax-exempt for Religious use. You don't want to miss the opportunity to get in on the ground level of the redevelopment phase of this Historic part of the State Street corridor where it's rumored that George Washington stayed when establishing the Springfield Armory during the Revolutionary war.
Features
- Utilities: Public Water, Public Sewer, Water Available, Sewer Available, Natural Gas Available
- Parking: 6-car
- Zoning: B1
- Year Built: 1840
- Acreage: 0.12
- Est. Taxes: $3,683
- MLS#: 73139530
- Website: https://www.raveis.com
/prop/73139530/453455statest_springfield_ma?source=qrflyer
Listing by Patricia Reynolds courtesy of Executive Real Estate, Inc. Phone: 413-596-2212
William Raveis Family of Services
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888.699.8876
Contact@raveis.com
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Frank KolbSenior Vice President - Coaching & Strategic, William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 81725
203.980.8025
Frank.Kolb@raveis.com
Our Executive Mortgage Banker:
- Is available to meet with you in our office, your home or office, evenings or weekends
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Robert ReadeRegional SVP Insurance Sales, William Raveis Insurance
860.690.5052
Robert.Reade@raveis.com
Our Insurance Division:
- Will Provide a home insurance quote within 24 hours
- Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
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Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
453-455 State St, Springfield, MA, 01105
$385,000
Customer Service
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Frank Kolb
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 | $308,000 | $308,000 | $308,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 7.125% | 6.990% | 5.990% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 7.456% | 7.171% | 6.276% |
| Monthly Tax Payment | $307 | $307 | $307 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $2,075 | $2,047 | $2,597 |
| Total Monthly Payment | $2,457 | $2,429 | $2,979 |
* 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.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
MA Mortgage Lender and Mortgage Broker #MC2630