Here's your chance to build 1 or 2 new condos just steps from the beach! Welcome to 2203 Ocean Blvd Units A and B in beautiful Rye, NH. This unique opportunity features two commercially zoned units currently operating as a yoga studio, now available for sale. Located in a prime area, these units will be fully approved for demolition and new construction of two residential condos/townhouses (or combine to build 1 larger condo with a 3 car garage under), providing a seamless pathway for your development plans. Whether you envision creating year-round residential condos, establishing a commercial beachside business, or exploring rental opportunities, these units offer endless possibilities. A hop, skip and a jump from both Cable Beach and Jenness Beach with a public pathway for beach access directly across the street from 2203 Ocean Blvd. Seize this rare chance to shape the future of 2203 Ocean Blvd. and make your vision a reality. Don't forget to check out the video in the link and documents section for floor plans and conceptuals.
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $628,000 | $628,000 | $628,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.477% | 7.159% | 6.296% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,178 | $4,174 | $5,296 |
Total Monthly Payment | $4,270 | $4,266 | $5,388 |
* 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.