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Welcome to 418 Pond Street in Wakefield, a charming, immaculately kept, inviting home nestled on Upper Point Judith Pond with NO FLOOD INSURANCE. This property boasts a spacious layout, modern amenities, and a serene and private backyard oasis. Water access is a stone's throw away, for paddle boarding, kayaking and boating, with 2 Marinas conveniently located at either end of Pond Street, with others close-by. This home also offers easy access to local beaches and is minutes to the quaint downtown Wakefield Village, filled with many unique shops and restaurants. Recent renovations to include light filled updated kitchen, central air conditioning, an entire house generator, hardwood floors, custom built-ins, and two additional in-home offices. Across the street is the Audubon Land Preserve, never to be developed. The house is conveniently located off Route1 and has easy access to Route 95. It's the perfect blend of privacy, yet all the amenities and conveniences you look for in a modern well thought out home. 418 Pond Street has a Full Home Warranty expiring in 2028, conveying with the sale. The home is currently being used as an investment property thru May 2025. Investors will find a strong rental history (both academic and short-term Airbnb). Proforma available upon request.
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Our Executive Mortgage Banker:
Our Insurance Division:
$824,900
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 401.474.4879
Whitney.Rugg@raveis.com
NMLS Mortgage Loan Originator ID 7654
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $659,920 | $659,920 | $659,920 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.750% | 6.375% | 6.125% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.282% | 6.486% | 6.307% |
Monthly Tax Payment | $512 | $512 | $512 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,851 | $4,117 | $5,613 |
Total Monthly Payment | $4,455 | $4,721 | $6,217 |
* 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.