This New England Colonial is an amazing rehab opportunity for builders, investors, and buyers alike. Situated in a highly desirable Concord neighborhood on just under a half acre of land, the existing home offers four good-sized bedrooms and one and a half bathrooms. Hardwood flooring throughout the home & over-sized two-car garage with full shop attached by a breezeway. Well designed floor plan offers endless possibilities for a buyer. **This is an attempt to Short Sale the property & the List Price has not yet been approved by the lender. The Short Sale is being professionally negotiated and sale is subject to a buyer paid short sale negotiation fee of $5, 000 paid only upon successful closing by buyer. The smoke certificate, final water bill, and Title V (if applicable) are Buyer's responsibility **ALL OFFERS MUST HAVE SIGNED DISCLOSURES THAT ARE ATTACHED TO THIS LISTING** This is an estate sale and subject to probate. Buyer is responsible for $4, 000 probate fee only due at closing.
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Our Executive Mortgage Banker:
Our Insurance Division:
$649,999
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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $519,999 | $519,999 | $519,999 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.875% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.191% | 7.171% | 6.276% |
Monthly Tax Payment | $801 | $801 | $801 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,416 | $3,456 | $4,385 |
Total Monthly Payment | $4,309 | $4,349 | $5,278 |
* 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.