Available for occupancy by 15 Jan! Nestled at the corner of Morrison Ave and Cedar St, this upper-level 2021-built unit is bathed in an incredible amount of natural light. Each living area is spacious and tastefully appointed, starting with the living room that has a gas fireplace and access to a generous private deck for alfresco dining or an urban garden. The kitchen is equipped with a gas burner and vent hood to keep the unit fresh. Ample cabinetry and countertop space, including a breakfast bar. Primary BR has a walk-in closet and an en-suite bath with double vanities and tiled shower. 2 other large bedrooms for guests or an office that share the 2nd bath. Rare walk-in laundry room with space for shelving and a drying rack! Extra assigned storage space (~4X4ft) in the basement that can be locked plus 1 car parking space. Enjoy bike rides or strolls along the Somerville Community Path that is just right by the building! 15 mins' walk to Davis T; 11 mins' walk to Ball Square.
Type | Description | Level |
---|---|---|
Bedroom 2 | Closet | Second |
Bedroom 3 | Closet | Second |
Dining Room | Flooring - Hardwood | Second |
Kitchen | Breakfast Bar / Nook | Second |
Living Room | Bathroom - Full, Flooring - Hardwood, Deck - Exterior | Second |
Master Bedroom | Bathroom - Full, Bathroom - Double Vanity/Sink, Walk-In Closet(s) | Second |
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Our Executive Mortgage Banker:
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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 | $4,160 | $4,160 | $4,160 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.404% | 7.133% | 6.236% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $28 | $28 | $35 |
Total Monthly Payment | $103 | $103 | $110 |
* 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.