ELEGANT SOPHISTICATION | Enter to find a spacious bay front kitchen featuring high-end finishes: granite countertops, an 8-foot custom island, stainless steel appliances, ambient cabinet lighting, and a beautiful backsplash. A 200-bottle wine fridge adds a touch of elegance. The formal dining room boasts custom built-ins, while a cozy reading nook invites relaxation beside a tiled wall with an electric fireplace. All five bathrooms have been updated with new flooring and granite surfaces, including the primary bath with its unique floor-to-ceiling tiled shower. The expansive living room is bathed in natural light from large windows and showcases rich hardwood flooring. Each of the four bedrooms offers ample space for family or guests. Step outside to the newly renovated screened porch, perfect for summer evenings overlooking stone walls and lush woodland views. The fenced backyard provides privacy and a vast flat area for your outdoor oasis. Enjoy a dramatic entrance with passive solar features and striking glass windows. The lower level includes a large family room ideal for movie nights, plus additional space for recreation or an office. A fully updated laundry room and fifth bathroom complete this level. With a three-car garage offering potential storage above, this home is less than a mile from Cobbetts Pond beach, and offers easy proximity to Griffin Park, I-93, and shopping at Salem's new Tuscan Village. Welcome home!
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $743,200 | $743,200 | $743,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.875% | 6.625% | 6.125% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.820% | 6.723% | 6.284% |
Monthly Tax Payment | $889 | $889 | $889 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,396 | $4,759 | $6,322 |
Total Monthly Payment | $5,377 | $5,740 | $7,303 |
* 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.