74 Martin St, Essex, MA, Massachusetts, property flyer

74 Martin St, Essex, MA, 01929 | $1,897,000

Overlooks Great Marsh, abuts scenic coastal walking path, 20 car off street parking and on street parking, Grounds includes English Garden making the office campus unique. There are two large executive offices/retail units each over 2000 square feet, a single offices space with separate entry. A large two story residential apartment. A separate two story barn at the rear adjacent to the parking area. . There are three kitchens in the main building and a total of 5 bathrooms. The space has been used as medical offices, retail sales, research and development and town of Essex offices. Prime business use. A short walking distance to town hall, banks and post office. An outstanding income property.

Features

Utilities: Public Water, Public Sewer, Natural Gas Available, 220 Volts, Leased Propane Tank
Parking: 26-car
Zoning: A00

Year Built: 2022
Approx Sq. Feet: 7,000
Acreage: 0.67

Est. Taxes: $11,248
MLS#: 73234657
Website: https://www.raveis.com
/prop/73234657/74martinst_essex_ma?source=qrflyer

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Listing by Dick Tomaiolo courtesy of Essex Realty Group Phone: 978-857-6421

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Frank KolbSenior Vice President - Coaching & Strategic, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 81725

203.980.8025

Frank.Kolb@raveis.com

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74 Martin St, Essex, MA, 01929

$1,897,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Frank Kolb

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	$1,517,600	$1,517,600	$1,517,600
Term	360 months	360 months	180 months
Initial Interest Rate**	5.500%	6.375%	5.875%
Interest Rate based on Index + Margin	8.125%
Annual Percentage Rate	6.821%	6.474%	6.036%
Monthly Tax Payment	$937	$937	$937
H/O Insurance Payment	$125	$125	$125
Initial Principal & Interest Pmt	$8,617	$9,468	$12,704
Total Monthly Payment	$9,679	$10,530	$13,766

* 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.