Priced to sell, this structure has a very interesting history. It was built in the early 1800s and is literally 200 years old. Originally built as a stand alone Cape, was modified to include a 2 story addition and a barn. It features 3bedrooms, LR, DR, KT, 1. 5 bath (plus), Sunroom, deck and more. Mass Historical Commission, has documented that the "Cape portion of this structure was built in 1824 and was once the Weymouth District Schoolhouse number 8 on Market Street. ". Next to the Cape is a solid two story Barn that could potentially be converted into additional Living Space. The whole structure does have great potential for a complete makeover with an In-Law. The in-law has 4 rooms with an unfinished kitchen and bathroom upstairs. The lot is a legal/non-conforming and Buyer is advised to exercise due diligence if planning on using the property for uses other than a single family house. FHA Financing could be challenging. . . .
Type | Description | Level |
---|---|---|
Bedroom 2 | Walk-In Closet(s), Flooring - Hardwood | Second |
Bedroom 3 | Walk-In Closet(s), Flooring - Hardwood, Attic Access | Second |
Dining Room | Closet/Cabinets - Custom Built, Flooring - Vinyl, Lighting - Overhead | Main,First |
Kitchen | Flooring - Vinyl, Exterior Access | Main,First |
Living Room | Flooring - Laminate, Exterior Access | Main,First |
Master Bedroom | Closet, Flooring - Laminate, Exterior Access | Main,First |
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $332,000 | $332,000 | $332,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.375% | 7.125% | 6.125% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.474% | 7.282% | 6.412 |
Monthly Tax Payment | $488 | $488 | $488 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,293 | $2,237 | $2,824 |
Total Monthly Payment | $2,856 | $2,800 | $3,387 |
* 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.