Quintessential triple-decker in Winter Hill!!! 146-148 Jaques St. could offer a unique opportunity for developers, as the property has been vacant for over 12 months and the seller has obtained a preliminary condo conversion permit from the city of Somerville. With no existing tenants in place, it also provides buy-and-hold investors with an open canvas to enhance the existing living space and heighten the bedroom count in a less extensive rental-focused renovation. Regardless of your approach, the lot size is large enough to support substantial off-street parking and the interior condition of the building doesn't necessitate a full gut-rehab. All three units uniformly offer high ceilings, traditional hardwood flooring, and functional floorplans accentuated by expansive LR/DR combos. Additional property features include front decks on each level, rear sunrooms, separately metered gas/electrical and a large, partially finished basement spanning the entire footprint of the structure.
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William Raveis Mortgage, LLC
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Frank.Kolb@raveis.com
NMLS Mortgage Loan Originator ID 81725
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $1,276,000 | $1,276,000 | $1,276,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.750% | 6.500% | 6.000% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.697% | 6.597% | 6.158% |
Monthly Tax Payment | $1,019 | $1,019 | $1,019 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $7,446 | $8,065 | $10,768 |
Total Monthly Payment | $8,590 | $9,209 | $11,912 |
* 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.