Visible central location in Dracut town center, with special overlay district allowing for residential and commercial development. These two adjoining parcels total 1.23 acres. Second adjacent lot is 12 Arlington Avenue. Uses per zoning analysis may include 7,500 square feet of commercial (office or retail) as well as five (5) connected residential apartments or condominiums. See build out summary, attached, all subject to permitting. The two-story wood frame building currently on the property is unoccupied and sold “as is.” The property is within the Dracut Center Neighborhood Overlay District. The underlying district is the R-3 residential district. The purpose of the Dracut Center Neighborhood Overlay District (DCNOD) Bylaw is meant to encourage development of mixed development appropriate for a town center.
69 Arlington Street, Dracut, MA, 01826
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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