This new construction colonial is in a prime location within a mile of Phillips Academy and Bancroft Elementary, and just two miles from downtown Andover. Rich, designer finishes and abundant natural light fill the over-sized rooms and open spaces. It has six bedrooms, a gigantic family room (w/ coffered ceiling) and two primary suites including one on the first floor. Two of the bedrooms are located in a wing of the house which may be perfect for a home office or in-law apartment. The gourmet, high-end kitchen boasts stainless steel appliances and quartz countertops. The floors are maple hardwood and most rooms have 8 or 9 foot ceilings. Off the walkout finished lower level is a three car garage and all three bays have electric vehicle 220V plugs. This home offers everything you would expect from luxury new construction and is ready for the electrical needs of the years to come.
Type | Description | Dimensions | Level |
---|---|---|---|
Bedroom 2 | Walk-In Closet(s), Flooring - Hardwood | 17.0 x 20.0 | Second |
Bedroom 3 | Walk-In Closet(s), Flooring - Hardwood, Attic Access | 15.0 x 16.0 | Second |
Bedroom 4 | Closet, Flooring - Hardwood | 10.0 x 12.0 | Second |
Dining Room | Flooring - Hardwood | 12.0 x 19.0 | First |
Kitchen | Flooring - Hardwood, Dining Area, Pantry, Countertops - Stone/Granite/Solid, Kitchen Island, Recessed Lighting, Stainless Steel Appliances | 16.0 x 17.0 | First |
Master Bedroom | Bathroom - Full, Bathroom - Double Vanity/Sink, Walk-In Closet(s), Flooring - Hardwood, Balcony / Deck | 16.0 x 17.0 | Main,First |
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Our Executive Mortgage Banker:
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$1,999,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 978.314.1072
Joanne.OKeefe@raveis.com
NMLS Mortgage Loan Originator ID 38342
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $1,599,200 | $1,599,200 | $1,599,200 |
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 | $0 | $0 | $0 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $9,333 | $10,108 | $13,495 |
Total Monthly Payment | $9,458 | $10,233 | $13,620 |
* 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.