Don't miss this opportunity! $559 sq/ft for a turn key loft in an up and coming Somerville neighborhood! Situated at the intersection of Somerville and East Cambridge, this location provides easy access to Union Square, Charlestown, and East Cambridge- and, it's just steps to the new Green Line T stop. This neighborhood is set for redevelopment and expansion, and the $ value will benefit greatly from upcoming projects. At nearly 2000 sf, this modern loft features high ceilings, new hardwood floors, and a wall of oversized windows. You'll find two spacious bedrooms, two luxurious spa-style bathrooms, including an indulgent master suite for ultimate relaxation (featuring heated floors, soaking tub, and steam shower!). The chef's kitchen is a highlight, complete with a large center island, sleek Caesarstone countertops, stainless steel appliances, and stylish lighting fixtures. Amenities include an in-unit washer/dryer, assigned parking, elevator access + ample storage space.
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
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To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
Our Insurance Division:
$1,098,500
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Senior Vice President - Coaching & Strategic
William Raveis Mortgage, LLC
Phone: 203.980.8025
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 | $878,800 | $878,800 | $878,800 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.875% | 6.625% | 6.375% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.335% | 6.738% | 6.559% |
Monthly Tax Payment | $729 | $729 | $729 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $5,198 | $5,627 | $7,595 |
Total Monthly Payment | $6,052 | $6,481 | $8,449 |
* 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. The Total Monthly Payment does not include the estimated HOA/Common Charge payment.