This fantastic two-family property in Lowell, situated on the Dracut line, offers spacious units with similar layouts. Each unit features 3 bedrooms, 1 modern bathroom, an eat-in kitchen & a large living room with beautiful built-in curios, perfect for entertaining. Each unit also has its own separate washer & dryer in the basement. The second-floor unit includes a private side porch & the property boasts three composite decks for outdoor enjoyment. Both units are equipped with energy-efficient windows, central air & heating for year-round comfort. Additional updates include freshly painted interiors. The property features a newly built 40x38 garage, ideal for parking or additional space. With ample off-street parking & an unfinished basement providing even more storage, this home offers flexibility. Located near shops, restaurants, Lowell General Hospital, UMass Lowell & with LRTA bus access steps away. This move-in-ready property is to be delivered vacant! Come see today!
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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 | $583,999 | $583,999 | $583,999 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.875% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.278% | 7.159% | 6.276% |
Monthly Tax Payment | $432 | $432 | $432 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,836 | $3,881 | $4,925 |
Total Monthly Payment | $4,360 | $4,405 | $5,449 |
* 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.