LOCATION and LOT SIZE is what this 3-family has to offer!!! Situated on a 6, 344sf lot is this sizable property that's in a highly desirable Savin Hill neighborhood off Dorchester Ave, and within close proximity to Savin Hill T-station, South Bay Center, UMass Boston, highway, and downtown Boston, etc. This property offers many possibilities for a savvy buyer with great vision who may either want to remodel the building, or further develop on the spacious lot. There is a huge oversized paved driveway that can fit 12+ cars, making it a rare opportunity for someone to own a lot that offers this much private parking. Each unit currently offers 2+ bedrooms, and there's a bonus space on the main level that is separately being rented. Per owner, 1st & 3rd floor forced air heating systems were updated 10-15 years ago, and the 2nd & 3rd floor gas water heaters are newer. Property has exterior vinyl siding, vinyl replacement windows, gas heating & cooking. OPEN HOUSE: Sat, 12/21 from 11: 30am-1pm
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$1,625,000
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 | $1,300,000 | $1,300,000 | $1,300,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.625% | 6.375% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.795% | 6.472% | 5.966% |
Monthly Tax Payment | $1,250 | $1,250 | $1,250 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $7,484 | $8,110 | $10,883 |
Total Monthly Payment | $8,859 | $9,485 | $12,258 |
* 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.