*No Showings until OH's 1/18 & 1/19 12-2pm. * This charming house, owned by the same family for nearly 60 years, is a diamond in the rough, ready for some remodeling. Located on the road to Wingaersheek beach in Gloucester, MA, it offers prime access to the coast, including water rights to a dock just down the street. The home features 3 bedrooms, 1 bathroom, and 2 bonus rooms on the first floor that can be used as a home office or additional living space. An extra room on the second floor provides even more options. A wood stove adds warmth and charm to the living area and outdoors, the property includes two decks for enjoying the fresh air and three storage sheds for all your tools, beach gear or extra supplies. The home also offers three parking spaces, adding to the convenience of its layout. A little work will turn this home into a coastal gem in an unbeatable location. *Plumbing has been brought up to 2nd floor already in room with red carpet, ready for 2nd floor bathroom. *
Type | Description | Dimensions |
---|---|---|
Bedroom 2 | Ceiling Fan(s), Flooring - Vinyl, Lighting - Overhead, Closet - Double | 11.0 x 12.0 |
Bedroom 3 | Closet/Cabinets - Custom Built, Flooring - Wall to Wall Carpet | 9.0 x 9.0 |
Dining Room | Ceiling Fan(s), Flooring - Vinyl | 10.0 x 12.0 |
Kitchen | Flooring - Vinyl, Window(s) - Bay/Bow/Box, Gas Stove, Lighting - Overhead | 12.0 x 13.0 |
Living Room | Wood / Coal / Pellet Stove, Flooring - Vinyl | 11.0 x 15.0 |
Master Bedroom | Ceiling Fan(s), Flooring - Vinyl, Lighting - Overhead, Closet - Double | 12.0 x 13.0 |
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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 | $476,000 | $476,000 | $476,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.125% | 7.250% | 6.375% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.295% | 7.408% | 6.623% |
Monthly Tax Payment | $390 | $390 | $390 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,207 | $3,247 | $4,114 |
Total Monthly Payment | $3,689 | $3,729 | $4,596 |
* 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.