Don't miss this awesome opportunity in one of the hottest markets in the area! Start the New Year in your beautiful duplex condominium, perfectly located in downtown Salem within minutes of all the shops, restaurants and unique cultural venues. A bright, ample foyer leads you into a beautiful open concept with super high ceilings and warm bamboo flooring. The large kitchen has wood cabinetry, great counter space and a granite island with seating for 5. The Living/Dining area is surrounded by gorgeous, extra tall windows allowing sunlight to stream in and charming city views, and a half bath is located off this space. There are 2 expansive bedroom suites, one on the main level and one upstairs, both with bathrooms and walk-in closets. Upstairs also features a Laundry room and Office nook with window. A large exclusive Storage room, Deeded Parking and Pet Friendly, well managed HOA complete this offering. Minutes to the commuter rail. Immerse yourself in this vibrant & lively city!!
Type | Description | Dimensions | Level |
---|---|---|---|
Bedroom 2 | Bathroom - Full, Walk-In Closet(s), Closet, Flooring - Wood, Window(s) - Picture, Recessed Lighting, Lighting - Overhead, Window Seat | 17.0 x 15.2 | Main,Third |
Dining Room | Flooring - Wood, Window(s) - Picture, Lighting - Overhead | 17.0 x 7.8 | Third |
Kitchen | Flooring - Wood, Window(s) - Picture, Countertops - Stone/Granite/Solid, Kitchen Island, Open Floorplan, Recessed Lighting, Stainless Steel Appliances, Gas Stove, Lighting - Pendant, Lighting - Overhead | 9.8 x 18.3 | Main,Third |
Living Room | Bathroom - Half, Flooring - Wood, Window(s) - Picture, Cable Hookup, Lighting - Pendant, Lighting - Overhead | 12.7 x 18.6 | Main,Third |
Master Bedroom | Bathroom - Full, Walk-In Closet(s), Closet, Flooring - Wood, Window(s) - Picture, Recessed Lighting, Lighting - Overhead, Decorative Molding, Tray Ceiling(s) | 22.5 x 26.3 | Fourth Floor |
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Our Executive Mortgage Banker:
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$697,000
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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $557,600 | $557,600 | $557,600 |
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 | $614 | $614 | $614 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,757 | $3,706 | $4,702 |
Total Monthly Payment | $4,463 | $4,412 | $5,408 |
* 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.