A rare opportunity to own a multi-generation/extended family home or investment property! This 2-unit, 3-level, 10 bed home has been in the family for 4 generations. Built in 1946 as a guest house and income-producing 1st floor apartment, it was also a B&B, hosting guests who came back yearly for the scents & sounds of the ocean, water views, sunrises & spectacular sunsets! On the quiet side of the Hampton River Bridge, it is buffered by dunes from Ocean Blvd. The new bridge location, west of the present bridge, will further distance any traffic, which will be reduced significantly as the height of the new bridge allows boats to cruise gently through! (See Docs) 3 houses away from a quiet sandy beach on the river, you can swim & watch the parade of boats heading out to sea! Walk 0. 3 mi. to the neighborhood’s Seabrook Beach access, spend the day at the dunes, swim, fish, or walk for miles along the soft sand! After the beach, cross the bridge for fresh seafood right off the boats, or continue walking to the Hampton Beach Boardwalk to enjoy restaurants, shops, & nightlife! Plans are in the works to expand the Hampton Beach Casino, making it a year-round destination, increasing the opportunity for rental income! (See Docs) Unit #1, stairless entry from enclosed porch, 2 beds, a ¾ bath. Unit #2, hardwood floors, 8 beds, 2 baths (See Fl Plans). Vinyl siding, metal roof, enclosed outdoor shower, parking for 6-7, an opportunity to build your dream home or invest in the future!
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$1,200,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $960,000 | $960,000 | $960,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.125% | 6.000% | 5.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.951% | 6.108% | 5.805% |
Monthly Tax Payment | $793 | $793 | $793 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $5,227 | $5,756 | $7,908 |
Total Monthly Payment | $6,145 | $6,674 | $8,826 |
* 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.