This is your opportunity to create a stunning 2, 500 sq. ft. custom-designed home on highly coveted High Street in Newburyport. Current unfinished carriage house & large private yard are for sale. This can then be converted into your dream house featuring 3 bedrooms, 2. 5 baths & open concept living space on the main level, Graf Architects have created renderings. The carriage house cannot be removed. Special permit is in hand, this will be condo ownership with 350 High Street. Situated in the thriving seaport of Newburyport with its charming shops, restaurants, waterfront activities, I-95, 495, 50 minutes to Boston, 10 minutes to Plum Island beaches & just 90 minutes to ski mountains. Truly an amazing location! This building opportunity combines an unbeatable location with the rare advantage of being permit-ready. Don't miss this chance to build your dream home in one of Newburyport's most desirable streets. FIRST SHOWINGS SUNDAY OPEN HOUSE 1/19/25 FROM 12-1. HURRY
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Our Executive Mortgage Banker:
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$799,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 617.281.4872
Kate.Rockett@raveis.com
NMLS Mortgage Loan Originator ID 1500191
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $639,200 | $639,200 | $639,200 |
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 | $0 | $0 | $0 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,306 | $4,360 | $5,524 |
Total Monthly Payment | $4,398 | $4,452 | $5,616 |
* 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.