12-unit boutique condo project in close proximity to Davis Square adjacent to Tufts University. The by-right project features four (4) Semi-Detached structures each containing three (3) units. Projects GFA total 15,691 SqFt and 8 off-street parking spaces. The Seller has obtained conditional lot split approval to be recorded upon demolition of the existing structure. Historical requirements have been satisfied. No affordable units are required per zoning. No discretionary permit or site plan approval is required. Buyer will proceed directly to ISD for demolition and building permits. First floor is elevated 5 feet above grade allowing for garden level of living area half above/half below grade. Projected sell-out $13.28MM. Please inquire for full offering.
1006 Broadway, Somerville, MA, 02144
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) 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.
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